# Portal Biotechnologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/portal-biotechnologies

- Industry: Biotechnology
- Headquarters: Watertown, US
- Website: www.portal.bio
- Total disclosed funding: $13M
- Latest round: Seed (Dec 11, 2024)
- Investors on record: 7

## About

Based in Massachusetts, US, and founded in 2023 by CEO Armon Sharei, Portal Biotechnologies specialises in developing advanced platforms that facilitate the efficient delivery of various cargoes into a diverse range of cell types, including but not limited to T cells, B cells, NK cells, and iPSCs. In December 2024, Portal Biotechnologies, Inc. raised USD 7 million in seed funding led by new investor IA Ventures, with participation from returning investor Pear VC. New investors IKJ Capital, PageOne.vc, Undeterred Capital, and other unspecified investors also participated in the round.

Portal's flagship product, The Gateway, offers performance in boosting cell function compatibility across a diverse range of cell types and cargoes, including mRNA, siRNA, proteins, CRISPR RNPs, small molecules, and more. Their proprietary membrane is optimised for delivery, cell viability, and flexible buffer compatibility. Additionally, the product is future-proof, with a subscription model that includes free hardware upgrades to future models. Portal's partner network includes various entities in the life sciences field, such as biotech companies, pharmaceutical companies, academic institutions, and cell therapy manufacturers.

The company plans to use the December 2024 funding to introduce its next-generation products and foster sustained growth.

## Funding rounds

- Seed, Dec 11, 2024, $12M — IA Ventures, Pear VC, Page One Ventures, IKJ Capital, Undeterred Capital
- Seed, Mar 19, 2024, $1M — Pear VC, 10X Capital, Conscience VC

## Investors

- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed
- 10X Capital (https://capitalatlas.ai/funds/10x-capital) — Seed
- Conscience VC (https://capitalatlas.ai/funds/conscience-vc) — Seed
- IA Ventures (https://capitalatlas.ai/funds/ia-ventures) — Seed
- Page One Ventures (https://capitalatlas.ai/funds/page-one-ventures) — Seed
- IKJ Capital (https://capitalatlas.ai/funds/ikj-capital) — Seed
- Undeterred Capital (https://capitalatlas.ai/funds/undeterred-capital) — Seed