Loading organizations...

§ Private Profile · South San Francisco, CA, USA
TRex Bio develops immune-modulating therapeutics for disease treatment.
TRex Bio develops therapeutic biologics to restore immune balance in autoimmune and inflammatory diseases. The company decodes human tissue immunobiology, specifically targeting regulatory T cells (Tregs). This approach enables interventions that act directly at inflammation sites, aiming to rebalance the immune system for sustained therapeutic outcomes.
Founded in 2018, TRex Bio was established by scientific leaders Houman Ashrafian, Adil Daud, and Wilson Liao. Their insight centered on the critical role of tissue-resident immune cells in disease pathogenesis. This understanding motivated the development of novel biological interventions designed to precisely control immune responses within affected tissues.
TRex Bio's pipeline of biologics is intended for individuals living with chronic inflammatory and autoimmune conditions. The organization's mission is to translate advanced tissue immunobiology into breakthrough therapeutics addressing critical unmet medical needs. The long-term vision aims to deliver lasting solutions that fundamentally improve patient health and quality of life.
TRex Bio has raised $219.0M across 4 funding rounds.
TRex Bio has raised $219.0M in total across 4 funding rounds.
TRex Bio has raised $219.0M across 4 funding rounds. Most recently, it raised $50.0M Series B Extension in January 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 27, 2026 | $50M Series B Plus | — | Alexandria Venture Investments, ELI Lilly And Company, Janus Henderson Investors | Announced |
| Nov 1, 2024 | $84M Series B | Eric Huang | Polaris Partners, Agent Capital, Joel Marcus, Eric Pham, ELI Lilly And Company, Johnson & Johnson Innovation, Polaris Partners, SV Health Investors | Announced |
| Mar 1, 2022 | $26M Series A | Alexandra Cantley | Polaris Partners, Alexandria Venture Investments, ELI Lilly And Company, Johnson & Johnson Innovation, Alexander Duncan, Ph.d., SV Health Investors | Announced |
| Jun 22, 2021 | $59M Series A | — | Alexandria Venture Investments, Johnston Erwin, Johnson & Johnson Innovation, Houman Ashrafian | Announced |
TRex Bio has raised $219.0M in total across 4 funding rounds.
TRex Bio's investors include Alexandria Venture Investments, Eli Lilly and Company, Janus Henderson Investors, Eric Huang, Polaris Partners, Agent Capital, Joel Marcus, Eric Pham, Johnson & Johnson Innovation, SV Health Investors, Alexandra Cantley, Alexander Duncan, Ph.D..
TRexBio is a discovery-stage biotechnology company founded in 2018 and headquartered in South San Francisco, California, specializing in therapeutics for immune-mediated diseases like cancer and inflammatory conditions such as psoriasis and hidradenitis suppurativa[1][2][3][4]. It leverages a proprietary Deep Biology discovery platform that maps human tissue regulatory T-cell (Treg) behavior to disease processes using computational biology, immunobiology, functional genomics, and single-cell profiling to identify novel targets and develop first-in-class immunology programs[1][2][3][4]. The company serves the healthcare and biotech sectors, addressing immune dysregulation by restoring tissue immune homeostasis; it has raised approximately $85M-$253M across rounds, including a $84M oversubscribed Series B in 2024 led by Delos Capital and a recent Series A-II, with partnerships exercising options for immunology discovery as of early 2024[1][2][5]. Growth momentum includes advancing its pipeline toward clinical development, recent investor conference participation, and patent filings in areas like clusters of differentiation and immunoglobulins[1][5].
TRexBio was founded in 2018 by a team with deep expertise in immunobiology, drug discovery, and biotech leadership, emerging from the need to decode complex human tissue immune responses that traditional models overlook[1][2][3]. Key figures include experienced executives like those from Genentech (e.g., leaders in programs like Activase, Nutropin, and Roferon) and Sugen (kinase inhibitors in oncology), with prior roles at Boehringer Mannheim and Max Planck Institute, bringing proven track records in advancing therapies from discovery to approval[3]. The idea crystallized around focusing on human tissue Treg cells—key regulators of immune balance—using cutting-edge tools to link their behavior directly to disease pathology, differentiating from animal or peripheral blood-based approaches[2][3][4]. Early traction came via seed and Series A funding, culminating in the landmark $84M Series B in late 2024 to propel programs into clinic, alongside collaborations where partners exercised options by January 2024[1][2][5].
TRexBio stands out in biotech through these key strengths:
TRexBio rides the wave of precision immunology and computational biology in biotech, where AI/ML-driven platforms dissect human tissue heterogeneity to unlock immune-mediated diseases—a market exploding due to failures of broad immunosuppressants and rising prevalence of conditions like inflammatory bowel disease, psoriasis, and oncology[1][2][3][4]. Timing is ideal amid post-2020 advances in single-cell tech, genomics, and spatial biology, amplified by Big Pharma's hunger for differentiated assets (e.g., recent partnership options and Series B oversubscription reflect this)[1][2][5]. Favorable forces include aging populations driving immune disease burden, regulatory nods for tissue-based data (e.g., FDA companion diagnostics), and a shift from phenotype to mechanism-based therapies[3][5]. TRexBio influences the ecosystem by pioneering Treg-focused "deep biology," potentially setting standards for tissue-native discovery, inspiring similar platforms, and feeding pipelines to partners for faster clinical translation[3][4].
TRexBio is poised to enter clinic with lead immunology programs in 2026-2027, fueled by Series B proceeds, partnership milestones, and expanding IP, targeting high-need areas like inflammatory skin/lung diseases and oncology where Treg modulation could reset immune balance[1][2][5]. Trends like AI-tissue integration, precision genetics (e.g., causal variant mapping), and combo therapies with approved agents (e.g., checkpoint inhibitors) will accelerate its trajectory, with potential for acquisition or further rounds amid biotech M&A resurgence[3][4][5]. Its influence may grow by validating human tissue platforms as the gold standard, transforming drug discovery from empirical to predictive—positioning TRexBio as a leader in decoding the "final frontier" of tissue immune biology, much like its Deep Biology roots promised from day one[2][3][4].