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Tallac Therapeutics Launches with $62 Million in Series A Financing to Advance Novel Immunotherapies for Cancer

PRIVATEDec 01, 2020

Amount Raised

$62 Million

Round Type

Series A

BurlingameHealthcare

Description

Tallac Therapeutics, Inc., a privately held biopharmaceutical company harnessing the power of innate and adaptive immunity to fight cancer, today announced the completion of its Series A financing totaling $62 million. Tallac is backed by a syndicate of leading global life science venture firms including venBio Partners, Morningside Venture, Lightstone Ventures, Matrix Partners China, and MRL Ventures Fund. The Company plans to use the Series A funding to advance the discovery and development of immunotherapy candidates for multiple solid tumor maligniancies. Its pipeline of next generation immunotherapies are derived from its novel Toll-like Receptor Agonist Antibody Conjugate (TRAAC) platform.

Quick answer

Tallac Therapeutics, Inc. raised $62 Million in a Series A round, dated December 1, 2020. Tallac Therapeutics, Inc. is based in Burlingame, California, United States.

How much did Tallac Therapeutics, Inc. raise?
Tallac Therapeutics, Inc. raised $62 Million in a Series A round on December 1, 2020.
What does Tallac Therapeutics, Inc. do?
Tallac Therapeutics is a privately held biopharmaceutical company harnessing the power of innate and adaptive immunity to fight cancer.
Where is Tallac Therapeutics, Inc. based and how big is it?
Tallac Therapeutics, Inc. is based in Burlingame, California, United States.

Source: Fundz verified event record.

Who else raised in Healthcare around the same time

Companies in the same sectors as Tallac Therapeutics, Inc. that raised within 45 days of this round, from Fundz verified event records.

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Company Information

Company

Tallac Therapeutics, Inc.

Location

866 MALCOLM ROAD, SUITE 100

Burlingame, California, United States

About

Tallac Therapeutics is a privately held biopharmaceutical company harnessing the power of innate and adaptive immunity to fight cancer. Tallac’s pipeline of immunotherapy candidates are derived from the company’s novel Toll-like Receptor Agonist Antibody Conjugate (TRAAC) platform to deliver a potent Toll-like receptor (TLR9) agonist (T-CpG) for targeted immune activation via systemic administration. Several TRAAC molecules are in various stages of discovery and preclinical development. For more information, please visit www.tallactherapeutics.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Tallac Therapeutics, Inc. 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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