Capstan Therapeutics, Inc. raised $175M in a Series B financing led by RA Capital Management to advance in vivo reprogramming of cells through RNA delivery using targeted lipid nanoparticles

Mar 20, 2024•over 1 year ago

Amount Raised

$175 Million

Round Type

series b

San DiegoTherapeuticsBiotechnologyHealth Care

Investors

Vida VenturesPolaris PartnersPfizer VenturesOrbi MedNovartis Venture FundLeaps By BayerEli Lilly And CompanyBristol Myers SquibbAlexandria Venture InvestmentsSofinnova InvestmentsPerceptive AdvisorsMubadala CapitalJohnson & Johnson Innovation JjdcForbionRa Capital Management

Description

Capstan Therapeutics, Inc. announced the successful closing of a $175M oversubscribed Series B financing. The financing was led by RA Capital Management, with participation from new investors Forbion, Johnson & Johnson Innovation - JJDC, Mubadala Capital, Perceptive Advisors, and Sofinnova Investments, as well as existing investors Alexandria Venture Investments, Bristol Myers Squibb, Eli Lilly and Company, Leaps by Bayer, Novartis Venture Fund, OrbiMed, Pfizer Ventures, Polaris Partners, and Vida Ventures.

Company Information

Company

Capstan Therapeutics

Location

San Diego, California, United States

About

Capstan is a biotechnology company with a mission to multiply the therapeutic possibilities for patients by developing targeted in vivo RNA technologies. The core platform technology comprises proprietary targeted lipid nanoparticles (tLNPs) that are composed of LNPs conjugated with a recombinant protein binder, such as a monoclonal antibody. tLNPs are designed to deliver payloads, including mRNA or gene editing tools, capable of reprogramming specific cell types in vivo. The platform technology has the potential to generate transformative therapies with possible applications across a broad range of disease areas, including autoimmune disorders, oncology, fibrosis, and monogenic blood disorders. For more information, please visit www.capstantx.com and follow us on LinkedIn.

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