SAN DIEGO– Tentarix Biotherapeutics, a biotechnology company focused on leveraging its proprietary Tentacles™ platform to discover and develop multi-functional, conditional protein therapeutics, today announced it has raised $35 million in a Series B financing led by Amplitude Ventures with participation from Gilead Sciences, Inc., and founding investors Versant Ventures and Samsara BioCapital.
“With the support of this group of industry-leading investors, we are well-capitalized to continue advancing our promising Tentacles™ platform,” said President and CEO Paul Grayson. “This financing, combined with our recently announced collaboration with Gilead, extends our cash runway and enables us to expand our pipeline of cell-specific, conditionally active multifunctional biologics that have the potential to tackle previously undruggable targets.”
“Amplitude believes that multifunctional biologics enable more powerful therapeutic approaches, and we are convinced that Tentarix’s unique technology platform leads the industry,” said Amplitude’s Allyson Tighe, who joined Tentarix’s board in connection with the Series B financing. “We’re excited to be working with this exceptional management team and investor syndicate to further advance this work and to enable meaningful therapies for patients.”
Since inception, Tentarix has now brought in $132 million in capital from equity and upfront partnership payments.
