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New Deal


Announced

Completed

The Column Group led a $100m Series C round in Synthekine.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private Equity

Domestic

Single Bidder

Acquisition

Private

Friendly

Venture Capital

Biotechnology

cytokine therapeutics

United States

Completed

Synopsis

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The Column Group, a venture capital firm, led a $100m Series C round in Synthekine, an engineered cytokine therapeutics company. “Synthekine has made significant progress since our founding in 2019. We have advanced our alpha/beta-biased IL-2 partial agonist, STK-012, into the clinic, developed a novel cytokine approach to empower CAR-Ts and other adoptive cell therapies, matured our three distinct cytokine engineering platforms, and secured our first pharmaceutical partnership through a deal with Merck. We are thankful for the support from these elite healthcare investors, which enables us to pursue our bold vision of advancing novel cytokine science to benefit patients with debilitating cancers and inflammatory diseases," Debanjan Ray, Synthekine CEO.

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