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§ Private Profile · 329 Oyster Point Blvd., 3rd Floor South San Francisco, CA 94080
Biotechnology company develops antibody therapeutics to treat food and other severe allergies, engineering immune-modulating IgG antibodies.
IgGenix, based in South San Francisco, California, develops antibody therapeutics to treat food and other severe allergies. The company's platform isolates rare IgE-expressing B cells from blood, then engineers them into immune-modulating IgG antibodies designed to suppress allergic reactions. Having raised $40 million in total funding, including a $10 million Series A led by Khosla Ventures, IgGenix is estimated to have an $8 million valuation and employs 1-10 individuals. Its leadership team includes CEO Jessica Grossman and CSO Richard Boismenu, with Parker Ventures also among its investors. IgGenix was founded in 2019 by Stephen Quake, Kari Nadeau, Derek Croote, and Bruce Hironaka. The firm focuses on biotechnology focusing on allergy treatments, targeting patients with food allergies and other severe allergic conditions.
IgGenix has raised $75.0M across 3 funding rounds.
IgGenix has raised $75.0M in total across 3 funding rounds.
IgGenix is a South San Francisco-based biotechnology company founded in 2019 that develops antibody-based therapeutics for severe food and environmental allergies.[1][2] It serves patients suffering from life-threatening allergic reactions, such as peanut allergy, by using its proprietary SEQ SIFTER™ platform to isolate rare allergen-specific IgE-expressing B cells from human blood samples, then re-engineer them into IgG antibodies that block allergic cascades without the risks of desensitization therapies.[1][2][3] The company launched with a $10 million Series A led by Khosla Ventures, focusing on de-risking the platform and building a pipeline for major allergens like peanut, with preclinical progress including data showing re-engineered antibodies suppress reactions in mouse models.[1][2][3]
IgGenix emerged from Stanford University research by co-founders Derek Croote (Chief Technical Officer), Kari Nadeau, and Stephen Quake, who pioneered single-cell sequencing to characterize rare human IgE B cells and their allergen-specific antibodies—a breakthrough published in *Science*.[1][2][3] Croote's prior work at Stanford applied mass spectrometry, transcriptomics, and bioinformatics to allergies and other diseases, enabling the first isolation of these elusive cells.[1] Bruce Hironaka serves as co-founder and initial CEO, with Richard Boismenu joining as CSO to advance the platform.[1][2] The company debuted publicly in August 2019 amid key FDA events: rejection of DBV's peanut patch and approval of Aimmune's oral therapy, highlighting unmet needs as allergy prevalence rises globally.[1]
IgGenix rides the wave of single-cell sequencing and antibody engineering advancements, enabling access to previously intractable IgE B cells amid rising global allergy rates outpacing treatments.[1][2] Timing aligns with FDA scrutiny of allergy therapies—post-approvals like Palforzia and failures like Viaskin—creating demand for safer, targeted options beyond oral or patch desensitization.[1] Market forces favor it: millions affected by severe allergies, limited effective drugs, and biotech convergence of genomics with immunology.[1][3][6] By influencing antibody discovery for inflammation, IgGenix contributes to the ecosystem, partnering tools like Labguru for data automation and publishing epitope data to accelerate precision allergy care.[3][4]
IgGenix is poised to advance its preclinical peanut program toward IND filing, expand to multi-allergen pipeline (e.g., other foods, environmental), and seek partnerships for clinical development, leveraging epitope convergence for population-scale therapies.[2][3] Trends like AI-driven antibody design and rising allergy incidence will amplify its platform, potentially delivering monthly mAb shots as first-in-class blockers.[6] Its influence may grow by redefining allergy treatment from symptom management to prevention, transforming lives for millions—building directly on its mission to end the fear of severe reactions.[1][3]
IgGenix has raised $75.0M across 3 funding rounds. Most recently, it raised $40.0M Series B in February 2023.
IgGenix has raised $75.0M in total across 3 funding rounds.
IgGenix's investors include Joel Marcus, 11, Accel, Addition, Avalon Ventures, Craft Ventures, Dimension Capital, Founder Collective, Founders Fund, Haun Ventures, ICONIQ Capital, In-Q-Tel.