# Ability Biologics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ability-biologics

- Industry: Biotechnology
- Headquarters: Montreal, Canada
- Website: www.ability.bio
- Total disclosed funding: $30M
- Latest round: Seed (Jun 18, 2024)
- Investors on record: 7

## About

Founded in 2023 and based in Montreal, Quebec, Canada, Ability Biologics Inc., also known as Ability, operates as a premier cell targeting company that offers therapeutic solutions. The company was founded by its CEO, Giles Day. In December 2023, Ability Biologics Inc. raised USD 12 million in seed funding led by Amplitude, Fonds de solidarité FTQ, Charles River Laboratories, Alexandria Venture Investments, and PageOne.vc.

Ability Biologics provides AI-based drug discovery and therapeutic solutions. The company also offers the AbiLeap discovery platform, which is a machine learning-based antibody therapeutics discovery platform that discovers and develops human antibodies, mainly IgG-based multispecific antibodies. In addition, the company also develops preclinical antibody candidates and immune modulators for various therapeutic applications, mainly cancer and auto-immune applications.

The company plans to use the funds raised in December 2023 to advance multiple internal drug candidates through the preclinical proof-of-concept stage.

## Funding rounds

- Seed, Jun 18, 2024, $18M — Alexandria Venture Investments, Investment Quebec, Seido Capital, Charles River Laboratories, Amplitude, Fonds de solidarite FTQ
- Seed, Dec 6, 2023, $12M — Alexandria Venture Investments, Charles River Laboratories, Amplitude, Fonds de solidarite FTQ, Page One Ventures

## Investors

- Alexandria Venture Investments (https://capitalatlas.ai/funds/alexandria-venture-investments) — Seed
- Charles River Laboratories — Seed
- Amplitude (https://capitalatlas.ai/funds/amplitude) — Seed
- Fonds de solidarite FTQ (https://capitalatlas.ai/funds/fonds-de-solidarite-ftq) — Seed
- Page One Ventures (https://capitalatlas.ai/funds/page-one-ventures) — Seed
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Seed
- Seido Capital (https://capitalatlas.ai/funds/seido-capital) — Seed