Ability Biologics raised $18M in a seed funding led by Amplitude Ventures

Ability Biologics raised $18M in a seed funding led by Amplitude Ventures

06/18/24, 1:39 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgmontreal
Money raised
$18 million
Industry
biotechnology
Round Type
seed
Investors
Alexandria Venture Investments, Theodorus, Charles River Laboratories, Investissement Québec, Ftq, Amplitude Ventures
Ability Biologics, a Montreal, Canada-based cell targeting company, closed a seed funding round of US $18M. The funding was led by Amplitude Ventures with participation from FTQ, Investissement Québec, Charles River Laboratories, Theodorus, and Alexandria Venture Investments. The company plans to use the funds to expand operations and its R&D sector.

Company Info

Company
Ability Biologics
Location
montreal, quebec, canada
Additional Info
Our Mission: Develop innovative, targeted, immune modulating biotherapeutics to address unmet medical needs in patients with cancer and autoimmune diseases. The premier biotherapeutic targeting company Our powerful AbiLeap™ discovery engine combines massively parallel, continuously learning AI with an extensive database of antigen-antibody interactions to generate fully human, IgG-based multispecific antibodies of exquisite selectivity and affinity. The antibodies respond to environmental signals within the cellular microenvironment, generating logic-gated therapeutics. We are dedicated to developing the most potent and selective antibody therapeutics for areas of great unmet need.

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