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Ratio Therapeutics closes $70 million Series C financing to advance clinical development and expand manufacturing infrastructure.

PRIVATEJul 31, 2026about 2 months ago

Amount Raised

$70 Million

Round Type

Series C

BostonBiotechnologyTherapeuticsPharmaceutical

Investors

Wasatch GroupEli Lilly And CompanyCatalio Capital ManagementBristol Myers SquibbDuquesne Family Office

Description

Ratio Therapeutics, Inc. announced the closing of a $70 million Series C financing. The financing included participation from both existing and new investors. Proceeds will be used to advance the ATLAS study and expand the company's pipeline and manufacturing capabilities

Company Information

Company

Ratio Therapeutics

Location

Boston, Massachusetts, United States

About

Ratio Therapeutics Inc. is a clinical-stage pharmaceutical company with the mission to accelerate the development of next-generation precision radiopharmaceuticals for solid tumors and transform oncology treatment paradigms. With headquarters and laboratories in Boston, the company currently employs a growing team of multidisciplinary experts with backgrounds in radiopharmaceutical discovery and development. Ratio's proprietary R&D platforms, Trillium™ and Macropa™, enable the development of fit-for-purpose radiopharmaceuticals for therapy and imaging that possess pharmacokinetic modulation, thereby improving drug availability, tumor delivery, and tumor loading. The company maintains a strong commitment to manufacturing through its collaboration with PharmaLogic and its own state-of-the-art facility located in Salt Lake City, Utah, ensuring reliable supply and quality in radiopharmaceutical production. Ratio plans to initiate a Phase 1/2 trial to evaluate the safety, tolerability and efficacy of its FAP-targeted radiotherapeutic as a treatment for patients with relapsed or refractory soft tissue sarcoma. The company is also advancing other programs in its pipeline, including the pre-clinical assessment of [Lu-177]-RTX2358 across several cancer indications to explore its broader therapeutic potential and expects its Granzyme B-targeted agent for PET imaging program to move into the clinic in 2026.

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Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Ratio Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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