Tech Company Financing Transactions

Abcuro Funding Round

Abcuro closed a $155 million Series B funding round on 8/18/2023. Investors included Bain Capital Life Sciences, Redmile Group and BlackRock.

Transaction Overview

Company Name
Announced On
8/18/2023
Transaction Type
Venture Equity
Amount
$155,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to complete a Phase 2/3 registrational clinical trial evaluating ABC008, a first-in-class monoclonal antibody targeting killer cell lectin like receptor G1 (KLRG1), for the treatment of inclusion body myositis (IBM), and a Phase 1/2 clinical trial of ABC008 in T cell large granular lymphocytic leukemia (T-LGLL), as well as to initiate a Phase 1/2 clinical trial in T and NK cell lymphomas.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
90 Bridge St. 100
Newton, MA 02458
USA
Email Address
Overview
We are developing first-in-class immunotherapies for autoimmune diseases and cancer through precise elimination or modulation of cytotoxic T and NK cells via KLRG1. We believe this strategy will result in therapeutics with reduced toxicity compared to existing therapeutic approaches for T cell modulation.
Profile
Abcuro LinkedIn Company Profile
Social Media
Abcuro Company Twitter Account
Company News
Abcuro News
Facebook
Abcuro on Facebook
YouTube
Abcuro on YouTube

Management Team

Title
Name
Email & Social
Chairman
Steven Greenberg
  Steven Greenberg LinkedIn Profile  Steven Greenberg Twitter Account  Steven Greenberg News  Steven Greenberg on Facebook
Chief Executive Officer
David de Graaf
  David de Graaf LinkedIn Profile  David de Graaf Twitter Account  David de Graaf News  David de Graaf on Facebook
Chief Financial Officer
David Neafus
  David Neafus LinkedIn Profile  David Neafus Twitter Account  David Neafus News  David Neafus on Facebook
Chief Medical Officer
Richard Polisson
  Richard Polisson LinkedIn Profile  Richard Polisson Twitter Account  Richard Polisson News  Richard Polisson on Facebook
Chief Operating Officer
Evan Thompson
  Evan Thompson LinkedIn Profile  Evan Thompson Twitter Account  Evan Thompson News  Evan Thompson on Facebook
Chief Scientific Officer
Stefano Gulla
  Stefano Gulla LinkedIn Profile  Stefano Gulla Twitter Account  Stefano Gulla News  Stefano Gulla on Facebook


 

 

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Prev: 8/18/2023: FINEOS venture capital transaction
Next: 8/18/2023: Comptek Solutions venture capital transaction

 

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