Tessellate BIO is a technology company.
Tessellate BIO has raised $8.0M across 1 funding round.
Tessellate BIO has raised $8.0M in total across 1 funding round.
Tessellate BIO has raised $8.0M in total across 1 funding round.
Tessellate BIO's investors include Advent Life Sciences, BGV (BioGeneration Ventures), Forbion, Novartis Venture Fund.
Tessellate Bio is a preclinical-stage biotechnology company developing precision oncology medicines through novel synthetic lethality approaches beyond Homologous Recombination Deficiency (HRD), targeting aggressive cancers like those dependent on Alternative Lengthening of Telomeres (ALT) and Retinoblastoma 1 (RB1) loss-of-function.[1][2][4] It serves cancer patients with limited treatment options, such as glioblastoma, by discovering small molecule drugs alongside companion diagnostics to turn patients into survivors, backed by €8m seed funding from BioGeneration Ventures (BGV) and Forbion.[1][2][4] The company operates from state-of-the-art R&D facilities in Stevenage, UK, with offices in the Netherlands and Germany, leveraging an international team to advance a pipeline of first-in-class tumor-targeting therapies.[1][3]
Tessellate Bio emerged from stealth in October 2023 as a spin-out from cutting-edge research by co-founders Professor Hilda Pickett (Children’s Medical Research Institute, Australia) and Professor Claus Azzalin (Gulbenkian Institute for Molecular Medicine, Portugal), incubated by BGV with support from General Partner Daniela Couto and serial entrepreneur Andrew Lightfoot.[1][2][3] Pickett and Azzalin's discoveries on the FANCM Complex in ALT-dependent cancers provided the scientific foundation for the lead program, addressing unmet needs in hard-to-treat tumors.[2] Early traction came via €8m seed investment from BGV and Forbion, enabling assembly of a leadership team including CEO Andree Blaukat (ex-Merck KGaA Oncology SVP), CSO Jürgen Moll (ex-Sanofi), COO Andrew Lightfoot, and board chair Eliot Forster (ex-F-STAR CEO).[1][2]
Tessellate Bio rides the wave of precision oncology, capitalizing on synthetic lethality's clinical validation (e.g., PARP inhibitors for HRD) to pioneer adjacent mechanisms amid rising demand for targeted therapies in hard-to-treat cancers.[1][4][5] Timing aligns with advances in DNA damage response (DDR) research and companion diagnostics, fueled by market forces like aging populations, immunotherapy limitations, and investor interest in biotech (e.g., BGV IV fund).[3][4] Operating in Europe's biotech hubs (UK, Netherlands, Germany), it influences the ecosystem by translating academic discoveries into industry pipelines, fostering spin-outs and attracting talent to expand SL beyond HRD.[1][2][3]
Tessellate Bio is poised to advance its ALT lead program into clinic-ready stages, potentially expanding the pipeline with additional SL targets while scaling in-house capabilities.[1][3][4] Trends like AI-driven target discovery, regulatory emphasis on biomarkers, and growing VC appetite for oncology will accelerate progress, evolving its role from stealth innovator to global precision medicine leader.[2][5] As it builds on strong scientific foundations and investor backing, Tessellate could redefine outcomes for ALT/RB1-driven cancers, bridging research gaps to deliver survivor-focused therapies.
Tessellate BIO has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in October 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2023 | $8.0M Seed | Advent Life Sciences, BGV (BioGeneration Ventures), Forbion, Novartis Venture Fund |