# Modifi Bio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/modifi-bio

- Industry: Biotechnology
- Headquarters: New Haven, US
- Website: www.modifibio.com/
- Total disclosed funding: $11M
- Latest round: Seed (Aug 2, 2023)
- Investors on record: 8

## About

Based in Connecticut, US, and founded by Seth Herzon, Bindra, Lin, and Kevin Rakin, Modifi Biosciences, a.k.a. Modifi Bio develops a new class of molecules, designed to be delivered orally to selectively kill cancer cells via direct cancer DNA modification. In July 2022, Modifi Biosciences raised USD 6.4 million in seed funding from new investors HighCape Partners, Ironwood Capital, Connecticut Innovations, National Brain Tumor Society, and Yale University. In October 2024, Merck & Co., Inc. fully acquired Modifi Biosciences from BrightEdge Ventures, Connecticut Innovations, HighCape Partners, Ironwood Capital, National Brain Tumor Society, Pathway Bioventures, The Sontag Foundation, and Yale University for USD 30 million.

The company provides oncology treatment therapeutics that target specific acquired cancer cell DNA mutations.

Modifi Biosciences plans to use its proceeds from July 2022 funding to expand its platform and support its studies to target cancers with other DNA repair defects.

## Funding rounds

- Seed, Aug 2, 2023, $4.3M — Ironwood Capital, Connecticut Innovations, HighCape Partners, BrightEdge Ventures, Pathway Bioventures, Brain Tumor Investment Fund, Sontag Foundation
- Seed, Jul 28, 2022, $6.4M — Ironwood Capital, Connecticut Innovations, Yale University, HighCape Partners, Brain Tumor Investment Fund

## Investors

- Ironwood Capital (https://capitalatlas.ai/funds/ironwood-capital) — Seed
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- Yale University — Seed
- HighCape Partners (https://capitalatlas.ai/funds/highcape-partners) — Seed
- Brain Tumor Investment Fund — Seed
- BrightEdge Ventures (https://capitalatlas.ai/funds/brightedge-ventures) — Seed
- Pathway Bioventures (https://capitalatlas.ai/funds/pathway-bioventures) — Seed
- Sontag Foundation (https://capitalatlas.ai/funds/sontag-foundation) — Seed