Akamis Bio Funding, Investors & Competitors

Akamis Bio has raised $143M across 4 funding rounds, most recently a $60M Series A in December 2024.

Last Akamis Bio funding round

$60M

Series A · Dec 2024

Cumulative funding Akamis Bio raised

$143M

across 4 funding rounds

Key investors in Akamis Bio

Akamis Bio Overview

About Akamis Bio

Akamis Bio is a San Francisco-based clinical-stage oncology company developing Tumor-Specific Immuno-Gene Therapy therapeutics for solid tumors. Its T-SIGn platform engineers viruses to target cancer cells and activate patient immune responses. The firm advances multiple pipeline candidates in Phase 1 trials for lung, colorectal, and other cancers, conducting studies at sites in the United States and Europe.


Founded

2010

HQ

United KingdomAberdeen

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Akamis Bio Funding History

Akamis Bio has raised a total of $143M across 4 funding rounds, plus 1 secondary share sale.

Akamis Bio's first fundraising round was a $38M Series C in May 2015. The most recent completed round was a $60M Series A in December 2024.

Akamis Bio funding rounds

Akamis Bio funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2024Series ASedgwick Yard (lead)$60MAkamis Bio is a clinical-stage oncology company developing a proprietary Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to deliver novel immunotherapeutic proteins, biomolecules, and transgene combinations for treating solid tumors. The platform enables intravenous delivery of therapies like NG-350A, an immuno-stimulatory tumor gene therapy driving intratumoral expression of a CD40 agonist monoclonal antibody, targeted at metastatic or advanced epithelial tumors including locally advanced rectal cancer (LARC). On December 17, 2024, Akamis Bio announced $60 million in funding linked to the close of a Series A Prime financing round led by Sedgwick Yard, a global biotech venture capital firm with Greater China roots. Richard Shen and Adrian Chan, Managing Directors at Sedgwick Yard, joined the board. In a separate transaction, Akamis Bio entered a licensing agreement granting Xuanzhu Biopharma rights to NG-350A in the Greater China region, providing undisclosed upfront payments, regulatory and sales milestones, and tiered royalties in the high single- to low double-digit range. The funding will support advancing NG-350A through a Phase 1b clinical proof-of-concept (PoC) study, the FORTRESS study, in LARC patients, building on prior Phase 1 data showing consistent safety, tumor-selective delivery, replication, transgene expression, and superior pharmacokinetics versus intratumoral injection. CEO Howard Davis emphasized the potential to alter the tumor microenvironment and deliver PoC data within 12-18 months. The company aims to expand its T-SIGn pipeline for difficult-to-treat solid tumors, with Sedgwick Yard confident in the platform's potential and management team's execution.
Jan 2023Undisclosed stageARCH Venture Partners (lead); Parker Institute for Cancer Immunotherapy (lead); Westlake Village BioPartners$30MAkamis Bio (formerly PsiOxus Therapeutics) is a clinical-stage oncology company leveraging its proprietary Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to develop immunotherapeutic treatments for solid tumors. The company's lead clinical programs, NG-350A and NG-641, are tumor gene therapies designed to drive intratumoral expression of immunotherapeutic proteins and enable the patient's immune system to recognize and attack cancer cells. On January 5, 2023, the company rebranded from PsiOxus Therapeutics and announced a $30 million convertible note financing co-led by ARCH Venture Partners, the Parker Institute for Cancer Immunotherapy, and Westlake Village BioPartners. The funding was designated to support development of the clinical-stage NG-350A and NG-641 programs as well as general corporate purposes. In December 2024, Akamis Bio closed an additional $60 million Series A Prime financing round led by Sedgwick Yard, with concurrent entry into a licensing agreement granting Xuanzhu Biopharma Greater China Region rights to NG-350A. The Series A Prime funding supports advancement of NG-350A through Phase 1b clinical proof-of-concept studies in patients with locally advanced rectal cancer.
Jan 2021SecondaryRevelation Partners; Rosetta Capital-Rosetta Capital VI, a fund managed by the British life sciences investor Rosetta Capital, agreed on 27 January 2021 to buy a basket of seven holdings from Schroder UK Public Private Trust plc, the London-listed investment trust formerly known as the Woodford Patient Capital Trust. The package was priced at GBP 49.0 million in aggregate, a 22 per cent discount to the carrying value of those holdings in the trust's net asset value at 30 September 2020, and the buyer additionally agreed to pay GBP 2.9 million reflecting follow-on investments the trust had made in January 2021. Rosetta Capital VI was capitalised with more than GBP 85 million and Revelation Partners, the Californian healthcare secondaries manager, was the lead investor backing the vehicle; the purchase completed on 15 March 2021 with an initial price of GBP 52.9 million and milestone payments of up to GBP 5.0 million. Schroder Investment Management, which took over the trust's mandate in December 2019, said the sale advanced its stated objective of reducing the number of holdings and concentrating the portfolio, and its managers Tim Creed and Ben Wicks welcomed Rosetta as a co-shareholder. Rosetta said it intended to provide follow-on capital to the acquired companies and its partners Jonathan Hepple and Ken MacLeod took board seats at portfolio companies. Because the GBP 49.0 million consideration covered all seven holdings together, no price is attributable to any individual company. Schroder UK Public Private Trust sold its entire holding in PsiOxus Therapeutics as part of the package. PsiOxus, based in Abingdon in Oxfordshire and formed in 2010, engineers systemically deliverable adenoviruses that carry therapeutic genes into solid tumours through its T-SIGn platform, with clinical candidates NG-350A and NG-641 and the oncolytic virus enadenotucirev. The company had licensed a T-SIGn candidate to Bristol Myers Squibb and was otherwise financed by equity from investors including SR One, IP Group, Lundbeckfonden and the Woodford funds whose successor manager was selling. It had no marketed product and expected income from partnering, milestone and royalty payments. In January 2023 the business relaunched as Akamis Bio with a USD 30 million convertible note financing, a new chief executive and a United States base in Cambridge, Massachusetts.
Dec 2017Series ABristol-Myers Squibb (lead); IP Group$15M-
May 2015Series CImperial Innovations (lead); Invesco; SR One; Lundbeckfonden Ventures; Mercia Asset Management; Woodford Investment Management$38MAkamis Bio is a clinical-stage oncology company developing Tumor-Specific Immuno-Gene (T-SIGn®) therapies for solid tumors, with lead candidate NG-350A, originally PsiOxus Therapeutics. A $60M Series A Prime in December 2024 led by Sedgwick Yard, a $30M convertible note in January 2023 co-led by ARCH Venture Partners, Parker Institute for Cancer Immunotherapy, and Westlake Village BioPartners, and aggregate funding totals of $149.26M across 7 rounds or $122.69M over 7 rounds. Later metrics include net profit of -$22.24M and EBITDA of -$27.5M as of Dec 31, 2021.

Who has invested in Akamis Bio?

14 investors have backed Akamis Bio across its funding rounds, including ARCH Venture Partners, Mercia Asset Management, IP Group, SR One, Bristol-Myers Squibb and Woodford Investment Management.

Lead investors include Sedgwick Yard, ARCH Venture Partners, Parker Institute for Cancer Immunotherapy, Bristol-Myers Squibb and Imperial Innovations.


Akamis Bio Investors

Investors in Akamis Bio by funding rounds participated
InvestorHQRoundsRoleFirst check
Parker Institute for Cancer ImmunotherapyUnited StatesSan Francisco, CA1LeadJan 2023
Revelation PartnersUnited StatesSan Francisco, CA1ParticipantJan 2021
Rosetta CapitalUnited KingdomLondon1ParticipantJan 2021
IP GroupUnited KingdomLondon1ParticipantDec 2017
InvescoUnited StatesAtlanta, GA1ParticipantMay 2015
SR OneUnited StatesUnited States1ParticipantMay 2015
Imperial InnovationsUnited KingdomLondon1LeadMay 2015
Lundbeckfonden VenturesDenmarkCopenhagen1ParticipantMay 2015
Bristol-Myers SquibbUnited StatesNew York City, NY1LeadDec 2017
Sedgwick YardHong KongHong Kong1LeadDec 2024
Westlake Village BioPartnersUnited StatesLos Angeles, CA1ParticipantJan 2023
ARCH Venture PartnersUnited StatesChicago, IL1LeadJan 2023

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Akamis Bio Competitors

Akamis Bio competitors include listed companies like Eli Lilly, Johnson & Johnson, AbbVie and Merck, and private ones like Biosplice Therapeutics and Biocon Biologics.

Public and private companies comparable to Akamis Bio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Eli LillyUnited StatesUnited StatesPublicly listed$65B$28B$1.0T13.1x
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x
AbbVieUnited StatesUnited StatesPublicly listed$61B$17B$467B8.1x
MerckUnited StatesUnited StatesPublicly listed$65B$28B$363B6.2x
Biosplice TherapeuticsUnited StatesSan Diego, CAPrivate--$12B-
Biocon BiologicsIndiaBangalorePrivate$1.1B-$4.5B4.2x

Akamis Bio Public Comps

Akamis Bio is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Akamis Bio

When was Akamis Bio founded?Akamis Bio was founded in 2010.
Where is Akamis Bio headquartered?Akamis Bio is headquartered in Aberdeen, United Kingdom.
Is Akamis Bio publicly listed?No, Akamis Bio is a private, VC-backed company.
How much funding has Akamis Bio raised?Akamis Bio has raised $143M across 4 funding rounds.
What was Akamis Bio's last funding round?Akamis Bio's last funding round was a $60M Series A in December 2024, led by Sedgwick Yard.
Who are Akamis Bio's investors?Akamis Bio's investors include Parker Institute for Cancer Immunotherapy, Revelation Partners, Rosetta Capital, IP Group, Invesco, SR One, Imperial Innovations, Lundbeckfonden Ventures, Bristol-Myers Squibb, Sedgwick Yard and 4 others.
Which companies are comparable to Akamis Bio?Companies comparable to Akamis Bio include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Biosplice Therapeutics and Biocon Biologics.

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