Shoreline Biosciences Valuation, Funding & Investors

Shoreline Biosciences is valued at $528M as of November 2021.

Last Shoreline Biosciences valuation

$528M

Series B · Nov 2021

Last Shoreline Biosciences funding round

$140M

Series B · Nov 2021

Cumulative funding Shoreline Biosciences raised

$186M

across 3 funding rounds

Key investors in Shoreline Biosciences

  • Janus Henderson
  • Biotechnology Value Fund
  • Ally Bridge Group
  • Boxer Capital
  • Logos Capital
  • Cormorant Capital

Shoreline Biosciences Overview

About Shoreline Biosciences

Shoreline Biosciences is a biotechnology company developing allogeneic, off-the-shelf cellular immunotherapies for cancer, using induced pluripotent stem cells (iPSCs) to derive natural killer cell and macrophage therapies for solid tumors and blood cancers. Founded in 2020 by Kleanthis Xanthopoulos and based in San Diego, the company builds smart manufacturing capabilities to support its pipeline and holds strategic partnerships with Kite, a Gilead company, and BeiGene for cell therapy development.


Founded

2020

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$528M (Nov 2021)

Shoreline Biosciences Valuation

Shoreline Biosciences is currently valued at $528M, based on its Series B in November 2021.

The $140M round was led by Ally Bridge Group.

Shoreline Biosciences valuation by funding round

Shoreline Biosciences valuation by funding round
DateStageValuation
Nov 2021Series B$528M

Shoreline Biosciences Funding History

Shoreline Biosciences has raised a total of $186M across 3 funding rounds.

Shoreline Biosciences' first fundraising round was a $3M seed round in July 2020. The most recent completed round was a $140M Series B in November 2021.

Shoreline Biosciences funding rounds

Shoreline Biosciences funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2021Series BAlly Bridge Group (lead)$140M$528MShoreline Biosciences is a San Diego-based biotechnology company developing allogeneic off-the-shelf induced pluripotent stem cell (iPSC)-derived natural killer (NK) and macrophage cellular immunotherapies for solid tumors and hematologic malignancies. The company announced the completion of a $140 million Series B financing on November 2, 2021, led by Ally Bridge Group, with participation from new investors including Eventide Asset Management, BeiGene, Irving Investors, Kingdon Capital, NS Investment, Piper Heartland Healthcare Capital, and Superstring Capital. Existing investors such as Boxer Capital, BVF Partners, Commodore Capital, Cormorant Asset Management, Janus Henderson Investors, Kite (a Gilead Company), Stork Capital, Wedbush Healthcare Partners, and an undisclosed global investment firm also joined the round. Frank Yu, Founder, CEO, and CIO of Ally Bridge Group, joined Shoreline's Board of Directors as part of the financing. The post-money valuation for this Series B round was $527.99 million, with a price per share of $10.07. This funding brought Shoreline's total capital raised to approximately $183 million across multiple rounds, including a prior Series A in April 2021 and Seed in July 2020. The proceeds are intended to advance Shoreline's pipeline of next-generation cell immunotherapies, accelerate growth for treating seriously ill patients, and build out smart manufacturing capabilities. With corporate partnerships and this financing, the company reported having more than $300 million in total funds to support these efforts. Ally Bridge Group highlighted Shoreline's differentiation in the iPSC-derived NK cells field, positioning it as a potential category leader in cell therapy for oncology and autoimmune diseases. The round aligns with broader interest in cell therapy startups, where Shoreline ranks among top fundraisers in the space with strong activity status as of recent analyses.
Feb 2021Series ABoxer Capital (lead); Kite Pharma; Stork Capital; Janus Henderson; Biotechnology Value Fund; Gilead Capital; Cormorant Capital; Logos Capital; Commodore Capital$43M-Shoreline Biosciences, founded in 2020 and headquartered in San Diego, CA, develops allogeneic off-the-shelf cellular immunotherapies using induced pluripotent stem cells (iPSC) to derive natural killer (NK) cells and macrophages for treating solid tumors, blood cancers, and other conditions. The company announced a $43M Series A financing around April 7, 2021, matching the specified investors including Biotechnology Value Fund (BVF), Boxer Capital as lead, Commodore Capital, Cormorant Capital, Janus Henderson Investors, Kite Pharma (Gilead), and others, to advance its pipeline and build smart manufacturing capabilities. Seven months later, in November 2021, Shoreline closed a $140M Series B round led by Ally Bridge Group, with participation from new investors like BeiGene, Eventide Asset Management, and others overlapping with the Series A such as Boxer Capital, Commodore Capital, Cormorant, Janus Henderson, Kite Pharma, and Stork Capital. Post-Series B, Shoreline reported over $300M in cash including committed partnership R&D funding to develop NK cell-specific CARs, switchable CAR-NK engagers, and macrophage CARs. The company has strategic partnerships with Kite (Gilead) and BeiGene, and CDMO agreements. Total funding across rounds reached approximately $183M-$186M by late 2021. Shoreline faced litigation from Fate Therapeutics in 2022 regarding IP.
Jul 2020Seed-$3M-Shoreline Biosciences is a cell-based immunotherapy company founded in 2020 by Kleanthis Xanthopoulos. The company develops intelligently designed allogeneic off-the-shelf cellular immunotherapies based on targeted induced pluripotent stem cells (iPSCs), focusing on natural killer cell and macrophage-cell therapies to treat solid tumors and hematologic malignancies. In July 2020, Shoreline raised $3 million in seed funding from unnamed investors. The company subsequently raised $43 million in a Series A round in April 2021 led by Boxer Capital, followed by a $140 million Series B round in November 2021 led by Ally Bridge Group, bringing total cumulative funding to $183 million.

Who has invested in Shoreline Biosciences?

10 investors have backed Shoreline Biosciences across its funding rounds, including Janus Henderson, Biotechnology Value Fund, Ally Bridge Group, Boxer Capital, Logos Capital and Cormorant Capital.

Lead investors include Ally Bridge Group and Boxer Capital.


Shoreline Biosciences Investors

Investors in Shoreline Biosciences by funding rounds participated
InvestorHQRoundsRoleFirst check
Boxer CapitalUnited StatesOrlando, FL1LeadFeb 2021
Kite PharmaUnited StatesLos Angeles, CA1ParticipantFeb 2021
Stork CapitalSwitzerlandGeneva1ParticipantFeb 2021
Janus HendersonUnited StatesLondon1ParticipantFeb 2021
Biotechnology Value FundUnited StatesSan Francisco, CA1ParticipantFeb 2021
Gilead CapitalUnited StatesNew York City, NY1ParticipantFeb 2021
Cormorant CapitalUnited StatesNew York City, NY1ParticipantFeb 2021
Logos CapitalUnited StatesSan Francisco, CA1ParticipantFeb 2021

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Shoreline Biosciences Competitors

Shoreline Biosciences competitors include listed companies like Ocumension and Kamada, and private ones like Strand Therapeutics, Ollin Biosciences, SmartCella and Yantai Lannacheng Biotechnology.

Public and private companies comparable to Shoreline Biosciences
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OcumensionChinaChinaPublicly listed$120M($3M)$548M-
Strand TherapeuticsUnited StatesUnited StatesPrivate--$550M-
KamadaIsraelIsraelPublicly listed$180M$37M$501M2.3x
Ollin BiosciencesUnited StatesUnited StatesPrivate--$500M-
SmartCellaSwedenStockholmPrivate--$575M-
Yantai Lannacheng BiotechnologyChinaYantaiPrivate$2M-$477M-

Shoreline Biosciences Public Comps

Shoreline Biosciences is still privately-owned, but its public comps include Ovid Therapeutics, Chabiotech, TaiMed Biologics, Indaptus Therapeutics, Entera Bio, Beximco Pharmaceuticals, Tectonic Therapeutic, Novartis India, Cerus and SD Biosensor.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ovid Therapeutics$7M($17M)58.3x159.2x(24.7x)-
Chabiotech$923M($32M)1.4x-(41.0x)-
TaiMed Biologics$19M($1M)25.8x-(487.5x)-
Indaptus Therapeutics-($21M)--(24.6x)-
Entera Bio$42K($11M)12199.0x42813.7x(44.6x)-
Beximco Pharmaceuticals$399M$97M1.4x1.3x5.7x5.3x
Tectonic Therapeutic-($83M)--(3.8x)-
Novartis India$37M$10M12.7x-47.4x-

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Common questions about Shoreline Biosciences

When was Shoreline Biosciences founded?Shoreline Biosciences was founded in 2020.
Where is Shoreline Biosciences headquartered?Shoreline Biosciences is headquartered in United States.
Is Shoreline Biosciences publicly listed?No, Shoreline Biosciences is a private, VC-backed company.
What is Shoreline Biosciences' valuation?Shoreline Biosciences was last valued at $528M in its Series B in November 2021.
How much funding has Shoreline Biosciences raised?Shoreline Biosciences has raised $186M across 3 funding rounds.
What was Shoreline Biosciences' last funding round?Shoreline Biosciences' last funding round was a $140M Series B in November 2021, led by Ally Bridge Group.
Who are Shoreline Biosciences' investors?Shoreline Biosciences' investors include Boxer Capital, Kite Pharma, Stork Capital, Janus Henderson, Biotechnology Value Fund, Gilead Capital, Cormorant Capital, Logos Capital, Commodore Capital and Ally Bridge Group.
Which companies are comparable to Shoreline Biosciences?Companies comparable to Shoreline Biosciences include Ocumension, Strand Therapeutics, Kamada, Ollin Biosciences, SmartCella and Yantai Lannacheng Biotechnology.

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