Last deal

$165M

Amount

Series A

Stage

23.07.2024

Date

2

all rounds

$165M

Total amount

Financing round

General

About Company
Third Arc Bio is a biotech company developing multifunctional antibodies for inflammatory and immunology diseases.

founded date

2022

Number of employees

Last funding type

Series A

IPO status

Private

Description

Third Arc Bio is a biotech company developing multifunctional antibodies for inflammatory and immunology diseases. Its drug development engine delivers superior biologics optimized to create T-cell engagement by leveraging two technologies that power a pipeline of high-value therapeutics – a solid tumor synergy platform and an I&I platform that offers a novel approach to precision immune regulation at a tissue-specific level to achieve superior efficacy and safety.
Contacts
Legal Names

Legal name

Third Arc Bio Inc.

Financials

Funding Rounds
2
2

Number of Funding Rounds

$165M

Money Raised

Their latest funding was raised on 23.07.2024. Their latest investor Cormorant Asset Management. Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
AbbVie Biotech Ventures

AbbVie Biotech Ventures

AbbVie Biotech Ventures invests in emerging biotech and pharmaceutical companies.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

North Chicago, IL, USA

count Of Investments

40

count Of Exists

3
Cormorant Asset Management

Cormorant Asset Management

Cormorant Asset Management is a hedge fund sponsor that focuses on investing in innovative biotechnology and life sciences companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Biotechnology

Location

Boston, MA, USA

count Of Investments

179

count Of Exists

12
Hillhouse Capital Group

Hillhouse Capital Group

Hillhouse Capital Group is a Beijing-based investment management firm that invests globally with a long-term time horizon.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Finance, Venture Capital

Location

Changyangzhen, Fangshan District, Beijing, China, 102445

count Of Investments

391

count Of Exists

14
Vida Ventures

Vida Ventures

Vida Ventures is a life sciences company that funds biomedical innovations to improve patients' lives.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Biotechnology, Venture Capital, Financial Services

Location

Boston, MA, USA

count Of Investments

50

count Of Exists

2
Omega Funds

Omega Funds

Omega Funds is a global life sciences-based investment firm that specializes in direct secondary transactions.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services

Location

Boston, MA, USA

count Of Investments

110

count Of Exists

17
Co-Investors
Investors
12
5

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
Cormorant Asset Management

Cormorant Asset Management

Cormorant Asset Management is a hedge fund sponsor that focuses on investing in innovative biotechnology and life sciences companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Biotechnology

Location

Boston, MA, USA

count Of Investments

179

count Of Exists

12
AbbVie Biotech Ventures

AbbVie Biotech Ventures

AbbVie Biotech Ventures invests in emerging biotech and pharmaceutical companies.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

North Chicago, IL, USA

count Of Investments

40

count Of Exists

3
Omega Funds

Omega Funds

Omega Funds is a global life sciences-based investment firm that specializes in direct secondary transactions.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services

Location

Boston, MA, USA

count Of Investments

110

count Of Exists

17

Activity

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