Tech Company Financing Transactions
Azalea Therapeutics Funding Round
Azalea Therapeutics, operating out of Berkeley, scored $82 million from Third Rock Ventures, RA Capital Management and Sozo Ventures.
Transaction Overview
Company Name
Announced On
11/4/2025
Transaction Type
Venture Equity
Amount
$82,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to advance its proprietary CD19-based in vivo CAR-T therapy for B cell malignancies and autoimmune diseases through IND-enabling studies and into the clinic, progress its BCMA-targeted in vivo CAR-T program for multiple myeloma and an undisclosed program for solid tumors, while exploring expansion of the platform to other cell types.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
2625 Durant Ave.
Berkeley, CA 94720
USA
Berkeley, CA 94720
USA
Phone
Undisclosed
Website
Email Address
Overview
Azalea Therapeutics is enabling precision genome engineering directly inside the body, with an initial focus on creating cancer immunotherapies in vivo. Azalea is pioneering a new way to turn a person's own T cells into a powerful cancer therapy -- directly inside the body. Instead of removing cells and manipulating them in a lab, we use precision genome editing tools to engineer T cells where they already live. At the center of our approach are Enveloped Delivery Vehicles, or EDVs. As highly selective couriers, EDVs are designed to specifically locate T cells within the patient and deliver our genome engineering cargo. Once inside the cell, the anti-cancer agent is inserted into a precise site in the genome, ensuring safe and potent modifications to fortify the T cells against cancers.
Management Team
Title
Name
Email & Social
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