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Waypoint Bio raises $20M in Series A funding to run three CAR-T trials in China.

PRIVATEMay 27, 20262 months ago

Amount Raised

$20 Million

Round Type

Series A

New YorkBiotechnologyHealth CareTherapeutics

Description

New York City-based startup Waypoint Bio has raised $20 million in Series A financing. The funding will be used to test multiple cell therapies in China. This round is aimed at advancing the company's clinical trials.

Company Information

Company

Waypoint Bio

Location

New York, New York, United States

About

Waypoint Bio is a biotechnology company pioneering novel cell therapies for solid tumors using in vivo spatial pooled screening technology. The company's platform uniquely combines spatial biology with pooled screening for the purpose of drug discovery, enabling the simultaneous measurement of cell therapy candidates' navigation in the solid tumor microenvironment. Waypoint will use its seed financing toward designing CAR T-cell therapies with superior efficacy against the tumor microenvironment, and later, Treg therapies for autoimmune diseases.

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1 contact
Verified contactsDavid P., Co-founder and CSO hidden
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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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