Fundraising Fox

Absci

NASDAQ: ABSI

Portland, US · Founded 2020 · Delaware corporation · 159 employees on LinkedIn · 12 known investors

Absci uses an AI-based drug creation platform combined with wet lab validation to design biologic therapeutics such as antibodies from scratch. It develops drug candidates like ABS-201 for conditions including androgenetic alopecia and applies reverse immunology for novel target discovery.

Founders & leadership

Absci was founded in 2020 by Sean McClain.

SMSean McClain
Sean McClaininFounder & CEO30 Under 30 2019
PB
Phil BarishExecutive

Board

ZJ
Zach JonassonBoard director
DG
Daniel GoldBoard director
BL
Bryan LawlisBoard director

Investors · 12

Also in the syndicate · 3

AdageColumbia ThreadneedleEli Lilly & Company

Funding

SEC filings, press & company announcements

$321M disclosed across 6 rounds · 2016–2026

$125MraisedMar 2021 · 24 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andreas PihlDirector
  • Gustavo MahlerDirector
  • Karen McGinnisDirector
  • Ivana Magovcevic-LiebischDirector
  • V. Bryan LawlisDirector
  • Zach JonassonDirector
  • Gregory SchiffmanExecutive Officer
  • Sean McClainExecutive Officer, Director
  • Eli CasdinDirector
  • Amrit NagpalDirector
Offering amount
$125M
Amount sold
$125M
First sale
Mar 2021
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$70MraisedMar 2021 · 14 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Lawrence McClureExecutive Officer
  • Zach JonassonDirector
  • Eli CasdinDirector
  • Andreas PihlDirector
  • Amrit NagpalDirector
  • Karen McGinnisDirector
  • Gustavo MahlerDirector
  • Ivana Magovcevic-LiebischDirector
  • V. Bryan LawlisDirector
  • Gregory SchiffmanExecutive Officer
  • Sean McClainExecutive Officer, Director
Offering amount
$70M
Amount sold
$70M
First sale
Oct 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10.4MraisedDec 2019 · 17 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Sean McClainExecutive Officer, Director
  • Shelley KlassenExecutive Officer
  • Zach JonassonDirector
  • Bryan LawlisDirector
  • Daniel GoldDirector
  • Gustavo MahlerDirector
Offering amount
$15M
Amount sold
$10.4M
Minimum investment
$10K
Proceeds to insiders
$1M
First sale
Dec 2019
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b, 4a5
Full filing on SEC EDGAR ↗
$12MraisedJun 2018 · 31 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Phil BarishExecutive Officer, Director
  • Daniel GoldDirector
  • Gustavo MahlerDirector
  • Sean McClainExecutive Officer, Director
  • Bryan LawlissDirector
  • Zach Zach JonassonDirector
  • Shelley KlassenExecutive Officer
Offering amount
$15M
Amount sold
$12M
Proceeds to insiders
$500K
First sale
May 2018
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b, 4a5
Full filing on SEC EDGAR ↗
$3.7MraisedApr 2016 · 12 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Zach JonassonDirector
  • Bryan LawlisDirector
  • Phil BarishExecutive Officer
  • Daniel GoldDirector
  • Sean McClainExecutive Officer
Offering amount
$6M
Amount sold
$3.7M
Minimum investment
$10K
Proceeds to insiders
$325K
First sale
Apr 2016
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

3 people who came through Absci went on to found or lead other companies.

Competitors · 5

by search overlap

Companies competing with Absci for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Frequently asked questions

What does Absci do?
Absci uses an AI-based drug creation platform combined with wet lab validation to design biologic therapeutics such as antibodies from scratch. It develops drug candidates like ABS-201 for conditions including androgenetic alopecia and applies reverse immunology for novel target discovery.
Who founded Absci?
Absci was founded by Sean McClain in 2020.
Who are Absci's investors?
Absci's investors include Das & Co., Oregon Venture Fund, Phoenix Venture Partners, Tachyon Ventures, Tau Ventures, Biotechnology Value Fund, Casdin Capital, Invus and 1 more.
How much funding has Absci raised?
Absci has disclosed $321M raised across 6 rounds.
Where is Absci headquartered?
Absci is headquartered in Portland, US.