SQZ Biotech Closes $65 Million Series D Financing
05/18/20, 11:04 AM
Location
massachusetts
Money raised
$65 million
Industry
biotechnology
Round Type
series d
SQZ Biotechnologies Company (SQZ), a clinical stage cell therapy company developing innovative treatments for multiple therapeutic areas, today announced the completion of a $65 million Series D preferred stock financing. The round was led by Temasek with participation from another new large, US-based fund as well as additional participation from existing investors, including GV, Illumina Ventures, Invus, JDRF T1D Fund, NanoDimension, and Polaris Partners. The company also announced the expansion of its cellular vaccine platform, currently in trial for oncology, into infectious diseases, and development of a point-of-care system to potentially generate patient product directly at treatment centers.
Company Info
Location
massachusetts, massachusetts, united states
Additional Info
SQZ Biotechnologies Company, based in Massachusetts, is known for its innovative method of introducing therapeutic cargo into cells by squeezing them (mechanoporation). The company holds a portfolio of over 400 patents and trademarks, along with other intellectual property, proprietary equipment, and a head license with the Massachusetts Institute of Technology.