Fundraising Fox

Basking Biosciences

Cary, US · Founded 2019 · Delaware corporation · 21 employees on LinkedIn · 10 known investors

Basking Biosciences develops therapeutics for thrombosis, vascular biology, and ischemic disease. The company focuses on stroke and cardiovascular applications.

Also known as Basking Biosciences, Inc.

Founders & leadership

Basking Biosciences was founded in 2019 by Shahid Nimjee and Bruce Sullenger.

SNShahid Nimjee
Shahid NimjeeinCo-founder, Chief Scientific Officer and Stroke Clinical Lead
BS
Bruce SullengerCo-founder
JO
Julia OwensExecutive
RS
Richard SheainExecutive

Board

HC
Hannah ChangBoard director
AAAiden Aceves
Aiden AcevesinBoard DirectorVice President at Insight Partners
DADavid Adair
David AdairinBoard directorCo-Founder and Managing Director at Solas BioVentures
SGSteve Gillis
Steve GillisinBoard directorManaging Director at ARCH Venture Partners
ANAri Nowacek
Ari NowacekBoard directorPartner at ARCH Venture Partners
TNThomas Needham
Thomas NeedhaminBoard of Directors, MemberDirector, Head of the Biopharma Practice at Broadview Ventures
RH
Ryan HelonBoard director
DM
Dan MyersBoard director

Investors · 10

Also in the syndicate · 4

Longview VenturesPlatanusRTW InvestmentsThe Ohio State University

Reported raises · per SEC filings

Form D private placements

$56.9M disclosed across 2 of 4 rounds · 2020–2024

$55MraisedOct 2025 · 11 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Hannah ChangDirector
  • Julia OwensExecutive Officer, Director, Promoter
  • Aiden AcevesDirector
  • David AdairDirector
  • Steve GillisDirector
  • Ari NowacekDirector
  • Shahid NimjeeDirector
  • Thomas NeedhamDirector
Offering amount
$55M
Amount sold
$55M
First sale
Oct 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.9MraisedSep 2020 · 6 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ryan HelonDirector
  • Thomas NeedhamDirector
  • Dan MyersDirector
  • Richard SheaExecutive Officer, Director, Promoter
  • Shahid NimjeeDirector
  • Bruce SullengerDirector
Offering amount
$7M
Amount sold
$1.9M
First sale
Aug 2020
Incorporated
Corporation, North Carolina, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

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

Company profile

researched Aug 2026

Basking Biosciences is a clinical-stage biopharmaceutical company developing therapies for acute thrombotic conditions. Its lead candidate, BB-031, is an RNA aptamer that inhibits von Willebrand Factor (vWF), a mediator of clot initiation, growth and stabilization, and is engineered for rapid onset and short duration of effect. BB-031 is paired with BB-025, a direct-acting reversal oligonucleotide designed to rapidly and durably neutralize BB-031's pharmacological activity. The company positions the pair as a way to broaden the population of patients eligible for thrombolytic intervention, since existing therapies have limited effectiveness, safety risks, narrow treatment windows, or require specialized care.

The program originated in translational research on RNA aptamers for cardiovascular disease conducted in the laboratory of Bruce Sullenger at Duke, and is co-founded by Shahid M. Nimjee, a neurosurgeon at The Ohio State University Wexner Medical Center whose laboratory studies anti-vWF aptamers and their antidotes in thromboembolic stroke. BB-031 has also been referred to as DTRI-031, with BB-025 referred to as DTRI-025.

Clinically, the company reported positive Phase 1 safety and dose-escalation results for BB-031 in 2023, dosed the first patients in the Phase 2 RAISE proof-of-concept trial in acute ischemic stroke in September 2024, dosed first patients in Part B of the Phase 2 trial in October 2025, and began first-in-human dosing of BB-025 in November 2025.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Financing tranche unlockedOct 2025$27.5M
Funding rounds countJan 2026$2
Total funding raisedJan 2026$60.4M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 11

launches, deals, and filings
Jul 2026
Publication showing BB-031 restores blood flow in a microfluidic model of acute ischemic stroke

source ↗

May 2026
Lance Berman appointed Chief Medical Officer

Pharmaceutical physician and biotech executive with more than 25 years of clinical development, regulatory and commercialization experience; previously CMO of Pulmocide.

source ↗

Nov 2025
First participants dosed in Phase 1 study of BB-025

First clinical evaluation of BB-025, the direct-acting reversal agent for BB-031.

source ↗

Oct 2025
Unlocked $27.5 million financing tranche

Tranche triggered to support the Phase 2b RAISE trial of BB-031 and the planned Phase 1 study of BB-025.

$27.5M source ↗

Oct 2025
Julia C. Owens appointed CEO; Richard Shea becomes President and COO

Announced alongside dosing of first patients in Part B of the Phase 2 RAISE trial and the unlocking of a $27.5 million financing tranche.

source ↗

Sep 2024
First patients dosed in Phase 2 trial of BB-031 in acute ischemic stroke

Phase 2 clinical trial of the reversible thrombolytic BB-031, an RNA aptamer inhibiting von Willebrand Factor.

source ↗

Jan 2024
Closed $55 million financing led by ARCH Venture Partners

Financing to fund the Phase 2 RAISE trial of BB-031 and a Phase 1 program for BB-025. Steven Gillis of ARCH Venture Partners became Chairman of the Board.

$55M source ↗

May 2023
Presented reversible RNA-aptamer thrombolytic at Locus Walk RNA Innovation Conference

Presentation of the Phase 2-ready drug candidate.

source ↗

Feb 2023
Presented positive Phase 1 safety and dose-escalation results for BB-031 at ISC 2023

Phase 1 results reported safety and tolerability with no serious adverse events and dose-dependent inhibition of vWF; company planned a Phase 2 proof-of-concept study in acute ischemic stroke.

source ↗

Jan 2023
Announced presentations at AHA International Stroke Conference 2023

Company scheduled three oral presentations and two moderated posters on its drug candidate.

source ↗

Dec 2020
Completed $5.4M seed financing

Seed financing to support development of a reversible thrombolytic therapy for acute ischemic stroke.

$5.4M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Basking BiosciencesDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Basking Biosciences do?
Clinical-stage biopharma developing BB-031, a reversible RNA aptamer targeting von Willebrand Factor for acute ischemic stroke.
Who founded Basking Biosciences?
Basking Biosciences was founded by Shahid Nimjee, Bruce Sullenger in 2019.
Who are Basking Biosciences's investors?
Basking Biosciences's investors include ARCH Venture Partners, Insight Partners, Broadview Ventures, Solas BioVentures, Rev1 Ventures, RTW Investments L.P..
How much funding has Basking Biosciences raised?
Basking Biosciences has disclosed $56.9M raised across 2 of its 4 known rounds.
Where is Basking Biosciences headquartered?
Basking Biosciences is headquartered in Cary, US.