Fundraising Fox

Altis Biosystems

Durham, US · Founded 2015 · Delaware corporation · 27 employees on LinkedIn · 7 known investors

Altis Biosystems builds RepliGut®, human intestinal tissue models grown from human intestinal stem cells that provide human-relevant preclinical data for drug absorption, metabolism, toxicity, and disease modeling. It serves pharmaceutical and life-science researchers as an alternative to animal studies and Caco-2 cell lines, offering ready-to-use kits and custom studies.

Founders & leadership

CS
Christopher SimsExecutive
JS
Jimmy SmedleyinExecutive
SF
Samuel FranklinNamed on SEC filing
JM
Joseph McMahonNamed on SEC filing
MB
Michael BironNamed on SEC filing
SPSwetha Peddibhotla
Swetha PeddibhotlaSenior Scientist

Board

CP
Christopher PerkinsBoard director
MD
Michael DialinBoard directorGeneral Partner at Hatteras Venture Partners
BS
Benjamin ScruggsBoard director
SM
Susan MahonyBoard director
KCKevin Causey
Kevin CauseyBoard director

Investors · 7

Reported raises · per SEC filings

Form D private placements

$6.6M disclosed across 3 rounds · 2019–2025

$2.1MraisedApr 2025 · 9 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Christopher PerkinsDirector
  • Michael DialDirector
  • Christopher SimsExecutive Officer
  • Benjamin ScruggsExecutive Officer, Director
  • Jimmy SmedleyExecutive Officer
  • Susan MahonyDirector
  • Kevin CauseyDirector
Offering amount
$2.3M
Amount sold
$2.1M
First sale
Mar 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.4MraisedAug 2022 · 17 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Benjamin ScruggsDirector
  • Joseph McMahonDirector
  • Samuel FranklinDirector
  • Christopher SimsExecutive Officer, Director
  • Susan MahonyDirector
  • Michael BironExecutive Officer, Director
Offering amount
$5M
Amount sold
$1.4M
First sale
Jul 2022
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3.1MraisedJul 2020 · 42 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Samuel FranklinDirector
  • Joseph McMahonDirector
  • Michael BironExecutive Officer, Director
  • Christopher SimsExecutive Officer, Director
  • Susan MahonyDirector
Offering amount
$3.1M
Amount sold
$3.1M
First sale
Dec 2019
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Competitors · 4

by search overlap

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

Non-dilutive funding · 12 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2023$913.7K
National Institutes of Health (NIH)National Institutes of HealthPhase I2023$343.3K
National Institutes of Health (NIH)National Institutes of HealthPhase II2022$2M
National Institutes of Health (NIH)National Institutes of HealthPhase II2022$1.9M
National Institutes of Health (NIH)National Institutes of HealthPhase I2022$294K
National Institutes of Health (NIH)National Institutes of HealthPhase I2022$256.6K
National Institutes of Health (NIH)National Institutes of HealthPhase I2021$256.5K
National Institutes of Health (NIH)National Institutes of HealthPhase II2020$1.4M
National Institutes of Health (NIH)National Institutes of HealthPhase I2020$245.9K
National Institutes of Health (NIH)National Institutes of HealthPhase II2019$1.5M
National Institutes of Health (NIH)National Institutes of HealthPhase I2019$223K
National Institutes of Health (NIH)National Institutes of HealthPhase I2018$224.9K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Altis Biosystems do?
Altis Biosystems builds RepliGut®, human intestinal tissue models grown from human intestinal stem cells that provide human-relevant preclinical data for drug absorption, metabolism, toxicity, and disease modeling. It serves pharmaceutical and life-science researchers as an alternative to animal studies and Caco-2 cell lines, offering ready-to-use kits and custom studies.
Who are Altis Biosystems's investors?
Altis Biosystems's investors include Atlanta Technology Angels, Central Texas Angel Network, Checkmate Capital Group LLC, IDEA NC, Johnson Venture Partners, VentureSouth, Hatteras Venture Partners.
How much funding has Altis Biosystems raised?
Altis Biosystems has disclosed $6.6M raised across 3 rounds.
Where is Altis Biosystems headquartered?
Altis Biosystems is headquartered in Durham, US.