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§ Private Profile · San Francisco, CA, USA
Biotechnology company developing immunoneurology therapies for neurodegenerative diseases like Alzheimer's and frontotemporal dementia.
Alector is a clinical-stage biotechnology company developing immunoneurology therapies to treat severe neurodegenerative diseases, based in South San Francisco, California. The biopharmaceutical firm focuses on advancing clinical programs in immunology and genetics, designing drugs that target proteins like progranulin to combat conditions such as Alzheimer's disease and frontotemporal dementia. Operating with approximately 250 employees, the business secured early funding from venture capital investors including OrbiMed, Polaris Ventures, and Google Ventures. Transitioning to public equity markets, the organization raised $176 million during its 2018 initial public offering and currently trades on the Nasdaq exchange. The company also utilizes strategic co-development partnerships to fund its pipeline, highlighted by a 2021 agreement with GlaxoSmithKline that provided a $700 million upfront payment, alongside collaborations with AbbVie. Alector was founded in 2013 by Arnon Rosenthal, Tillman Gerngross, and Errik Anderson.
Alector has raised $195.0M across 3 funding rounds.
Alector has raised $195.0M in total across 3 funding rounds.
Alector is a clinical-stage biopharmaceutical company developing innovative therapies to treat neurodegenerative diseases like frontotemporal dementia (FTD), Alzheimer’s, and Parkinson’s.[1][2][3] It builds a pipeline of potential first- and best-in-class candidates that remove toxic proteins, replace deficient proteins, and restore immune and nerve cell function, harnessing insights from human genetics, neuroscience, and immunology.[1][3] Alector serves patients, caregivers, and families affected by these devastating conditions, addressing unmet needs through proprietary technologies like the Alector Brain Carrier (ABC) for blood-brain barrier transport and expertise in protein engineering and antibody discovery.[1] The company shows strong growth momentum, with milestones including Phase 2 trials (e.g., PROGRESS-AD for early Alzheimer’s with GSK), preclinical programs, a 2020 IPO on Nasdaq, and over $133M in Series E funding.[2]
Alector was incorporated in 2013, named after heroic ideals from Greek mythology to symbolize its bold mission.[2] Founded by experts including Arnon Rosenthal, Ph.D., the company emerged from a focus on immuno-neurology, disclosing its research on neurodegeneration treatments and generating novel antibody drugs against disease-altering targets.[1][2] Early traction came quickly: it moved to the QB3 life science incubator, secured Series B funding from investors like Orbimed and Polaris Ventures, and was named one of FierceBiotech’s “Fierce 15” in 2015.[2] Pivotal moments include partnering with AbbVie in 2018 for its Alzheimer’s program AL002, announcing lead candidates AL001 (FTD) and AL002 (Alzheimer’s), hitting 100 employees, and launching clinical trials like INFRONT Phase 2 for AL001, which showed progranulin level increases.[2]
Alector rides the wave of immuno-neurology and precision medicine trends, targeting aging-related brain disorders amid rising prevalence due to longer lifespans and better diagnostics.[1][3] Timing is critical as neurodegenerative diseases remain unconquered frontiers, with market forces like unmet needs in Alzheimer’s and FTD driving investment—evidenced by Alector’s funding rounds and biotech partnerships.[2] It influences the ecosystem by pioneering blood-brain barrier solutions and sharing preclinical data, accelerating industry progress toward transformative brain health therapies and potentially shifting neurodegeneration from inevitable to treatable.[1][2][3]
Alector’s pipeline, with Phase 2 readouts like PROGRESS-AD and expanding ABC-supported programs, positions it for potential breakthroughs in Alzheimer’s and beyond, amid growing demand for neurodegeneration cures.[2] Trends like AI-driven drug discovery and immunology convergence will shape its path, possibly yielding approvals or buyouts by big pharma partners. Its influence could evolve from innovator to category leader, erasing brain disorders as Arnon Rosenthal envisions—restoring lives and proving every mind deserves a lifetime.[1]
Alector has raised $195.0M in total across 3 funding rounds.
Alector's investors include AbbVie Ventures, Amgen Ventures, Casdin Capital, Deerfield Management, Dementia Discovery Fund, Euclidean Capital, Federated Kaufmann Fund, Foresite Capital, Google Ventures, Lilly Asia Ventures, Mission Bay Capital, MRL Ventures Fund.
Alector has raised $195.0M across 3 funding rounds. Most recently, it raised $133.0M Series E in July 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 25, 2018 | $133M Series E | — | AbbVie Ventures, Amgen Ventures, Casdin Capital, Deerfield Management, Dementia Discovery Fund, Euclidean Capital, Federated Kaufmann Fund, Foresite Capital, GV, Lilly Asia Ventures, Mission BAY Capital, MRL Ventures Fund, NEW Leaf Venture Partners, OrbiMed, Perceptive Advisors, Polaris Partners, Section 32 | Announced |
| Jan 1, 2016 | $30M Series D | Dementia Discovery Fund | Atlas Venture, Biomatics Capital Partners, Flagship Ventures, OrbiMed, Polaris Partners, AbbVie Ventures, Amgen Ventures, GV, Mission BAY Capital, MRL Ventures Fund, Polaris Partners, Topspin Partners | Announced |
| Sep 1, 2015 | $32M Series C | Joshua Resnick | Atlas Venture, Biomatics Capital Partners, Flagship Ventures, OrbiMed, Polaris Partners, GV, Mission BAY Capital, Terrance McGuire, Topspin Partners | Announced |