Finance Watch: 3T Biosciences Emerges With $40m And Novel TCR Platform

Two VC Mega-Deals Revealed In Mid-August

 
• By Mandy Jackson
  
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Private Company Edition: Westlake Village BioPartners’ latest launch 3T Biosciences also licensed a second TCR platform from Stanford University. In other recent financings, Senda raised a $123m series C round, Orna revealed a $221m series B and CPRIT funded several cancer drug developers.

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San Francisco start-up 3T Biosciences came out of stealth mode on 25 August with $40m in new venture capital from a series A round led by Westlake Village BioPartners with participation from Lightspeed Venture Partners, and with a newly licensed technology platform to expand its efforts in novel T-cell receptor (TCR)-based therapies for cancer and other diseases.

3T uses its proprietary machine learning-powered technology platform, known as the T-Cell Receptor Antigen and Cross-Reactivity Engine (3T-TRACE), to analyze...

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