VelosBio is a technology company.
VelosBio has raised $198.0M across 2 funding rounds.
VelosBio has raised $198.0M in total across 2 funding rounds.
VelosBio has raised $198.0M in total across 2 funding rounds.
VelosBio's investors include Arix Bioscience, MPM Capital, Tom Hulme, Soffinova Partners.
VelosBio is a clinical-stage biopharmaceutical company developing first-in-class cancer therapies targeting receptor tyrosine kinase-like orphan receptor 1 (ROR1), a protein expressed in various hematologic malignancies and solid tumors but absent in normal adult tissues.[1][2] Its lead product, VLS-101, is an antibody-drug conjugate (ADC) evaluated in Phase 1 trials for hematologic malignancies and Phase 2 trials for solid tumors like triple-negative breast cancer (TNBC), hormone receptor-positive/HER2-positive breast cancer, and non-small cell lung cancer (NSCLC).[1][2] VelosBio serves oncology patients with aggressive, treatment-resistant cancers, addressing unmet needs through its ROR1-targeting platform that includes ADCs and bispecific antibodies; the company raised $137 million in Series B financing in 2021 and was acquired by Merck for $2.75 billion to accelerate its pipeline.[1][3][4]
Founded in 2017 and headquartered in San Diego, VelosBio emerged to pioneer ROR1-targeted therapies, leveraging the protein's role in embryogenesis and its overexpression in cancers.[1][2][4] Dave Johnson, with expertise in biopharma, served as founder and CEO, driving the company's focus on novel antibody-based drugs.[1] Early momentum included initiating Phase 1 and Phase 2 trials for VLS-101 by 2020, followed by substantial Series B funding to advance its pipeline, culminating in Merck's acquisition to integrate these assets into a broader oncology strategy.[1][2][3]
VelosBio rides the wave of ADC innovation in oncology, where targeted therapies address resistance in solid tumors and hematologic cancers amid rising demand for precision medicine.[2] Timing aligns with ROR1's validation as a novel target for aggressive diseases like NSCLC, breast, and ovarian cancers, where current treatments fall short, fueled by market forces like biotech M&A and pipeline gaps in hematologic malignancies.[1][2] Post-acquisition, it bolsters Merck's oncology portfolio, influencing ecosystem-wide shifts toward ROR1 antagonists and bispecifics, potentially accelerating approvals and combo therapies.[1][2][5]
Merck will drive comprehensive development of VLS-101 across tumor types and lines, complemented by VelosBio's preclinical pipeline for broader ROR1 applications.[1][2] Trends like ADC optimization and bispecific expansion will shape progress, with influence growing through Merck's global trials and manufacturing scale. As ROR1 therapies mature, VelosBio's tech could redefine treatments for unmet cancers, amplifying its legacy from San Diego biotech to oncology cornerstone.[1][2]
VelosBio has raised $198.0M across 2 funding rounds. Most recently, it raised $140.0M Series B in July 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2020 | $140.0M Series B | Arix Bioscience, MPM Capital | |
| Sep 1, 2018 | $58.0M Series A | Arix Bioscience, Tom Hulme, MPM Capital, Soffinova Partners |