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Tenpoint Therapeutics Launches With $70 Million Series A Financing To Reverse Vision Loss Through Engineered Cell-Based Therapeutics And In Vivo Reprogramming

PRIVATEJul 12, 2023

Amount Raised

$70 Million

Round Type

Series A

BiotechnologyHealth CareTherapeutics

Investors

F PrimeUCL Technology FundEight RoadsQiming Venture Partners USASofinnova PartnersF Prime CapitalBritish Patient Capital

Description

Tenpoint Therapeutics (“Tenpoint”), a biotechnology company pursuing vision-restoring engineered cell-based therapeutics and in vivo reprogramming to address degenerative ocular diseases, today announced its launch with a $70 million Series A financing to develop its regenerative medicine platform to replace multiple cell types lost to inherited and age-related conditions. The Series A round included new investment from British Patient Capital as well as funding from all seed investors including F-Prime Capital, Sofinnova Partners, Qiming Venture Partners USA, Eight Roads and the UCL Technology Fund among others. F-Prime and Sofinnova Partners were the founding investors who supported the company’s early operational development and technology expansion.

Quick answer

Tenpoint Therapeutics raised $70 Million in a Series A round, dated July 12, 2023. Investors: F Prime, UCL Technology Fund, Eight Roads, Qiming Venture Partners USA, Sofinnova Partners, F Prime Capital and British Patient Capital.

How much did Tenpoint Therapeutics raise?
Tenpoint Therapeutics raised $70 Million in a Series A round on July 12, 2023.
Who invested in Tenpoint Therapeutics?
F Prime, UCL Technology Fund, Eight Roads, Qiming Venture Partners USA, Sofinnova Partners, F Prime Capital and British Patient Capital are named as investors in this round.
What does Tenpoint Therapeutics do?
Tenpoint is a biotechnology company committed to advancing engineered cell-based therapies and in vivo reprogramming to restore vision for people with degenerative ocular diseases, bringing together the global experts..
Where is Tenpoint Therapeutics based and how big is it?
Fundz records about 25 employees.
Who are the decision-makers at Tenpoint Therapeutics?
Fundz holds 1 contact at Tenpoint Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as Tenpoint Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Fore Biotherapeutics raised $75M (Series D) on August 24, 2023.
  • Rapport raised $150M (Series B) on August 24, 2023.
  • Actimed Therapeutics raised $6.1M (Series A) on August 22, 2023.
  • Abcuro raised $155M (Series B) on August 17, 2023.
  • Abcuro raised $120M on August 11, 2023.
  • MindMed raised $7M on August 11, 2023.

Who to call at Tenpoint Therapeutics, and when

A new round usually means Tenpoint Therapeutics is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Tenpoint Therapeutics

About

Tenpoint is a biotechnology company committed to advancing engineered cell-based therapies and in vivo reprogramming to restore vision for people with degenerative ocular diseases, bringing together the global experts who are shaping the regenerative ocular medicine revolution and the technologies that are driving it. We are addressing the ultimate cause of vision loss by replacing diseased cells with healthy ones to permanently restore vision. Tenpoint’s global team is united by our passion for science and our commitment to patients.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Tenpoint Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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