EMERYVILLE, Calif.– Slingshot Biosciences, a biotechnology company building the world’s first on-demand synthetic cell platform for customizing cell and cell line mimics, today announced the closing of $11 million in a Series A3 financing.
The investment was co-led by ARCH Venture Partners and, with participation from Anterra Capital. The new funding will enable Slingshot to accelerate the successful commercialization of its revolutionary technology for cell and gene therapies. Slingshot will also further its adoptive cell therapy and therapeutics platform with this financing.
“Slingshot’s synthetic cell platform will have a transformative impact on a wide range of critical healthcare markets, including cell and gene therapy,” said Corey Ritter of ARCH Venture Partners. “All of us at ARCH are excited to work with the Slingshot team to make these synthetic cell products widely accessible to address research, diagnostics, and manufacturing needs, while advancing their functional synthetic cell efforts.”
“After successfully building our commercial footprint in controls and diagnostics last year, we are thrilled to accelerate our strategic efforts for biopharma applications, specifically cell and gene therapies,” said Jeffrey Kim, PhD, Founder, CEO, and President of Slingshot. “Customer traction is phenomenal, and we are excited to double down on our commercialization and development efforts for cell and gene therapy customers.”
Cell-derived products are essential to healthcare technologies worldwide. Seven hundred and fifty (750) blood samples are tested every second in the U.S. alone, and each of these tests relies on cell-derived references for accurate measurement.
With this additional financing, Slingshot is developing the next generation of adoptive cell therapy tools and therapeutic modalities that can benefit from its synthetic cell platform. Slingshot will also further invest in its functional cell programs for biopharma applications.
