Fundraising Fox

Outpace Bio

Seattle, US · Founded 2020 · Delaware corporation · 74 employees on LinkedIn · 16 known investors

Outpace Bio develops engineered protein technologies and cell therapies to treat solid tumors, focusing on protein design and T cell engineering to improve cancer treatment efficacy and safety.

Also known as Outpace · Outpace Bio, Inc.

Founders & leadership

Outpace Bio was founded in 2020 by Marc Lajoie, Scott Boyken, and Stanley Riddell.

MLMarc Lajoie
Marc LajoieCo-founder & Chief Executive Officer
SBScott Boyken
Scott BoykenCo-founder & Chief Technology Officer
SR
Stanley RiddellCo-Founder and Scientific Advisor
AFAaron Foster
Aaron FosterExecutive
CS
Charity ScriptureExecutive
ES
Eric SollerExecutive

Board

JSJake Simson
Jake SimsoninBoard directorPartner at RA Capital
VBVasudev Bailey
Vasudev Baileyin𝕏Board directorGeneral Partner at Artis Ventures
BJ
Bahija JallalBoard director

Investors · 16

Also in the syndicate · 8

Alexandria Venture InvestmentsBreton Capital VenturesBristol Myers SquibbCivilization VenturesRA Capital ManagementleadSheatree CapitalSurveyor CapitalWRF Capital

Reported raises · per SEC filings

Form D private placements

$56M disclosed across 1 of 3 rounds · 2021–2024

$56MraisedAug 2024 · 25 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jake SimsonDirector
  • Aaron FosterExecutive Officer
  • Bahija JallalDirector
  • Vasudev BaileyDirector
  • Charity ScriptureExecutive Officer
  • Scott BoykenExecutive Officer, Director, Promoter
  • Eric SollerExecutive Officer
  • Marc LajoieExecutive Officer, Director, Promoter
Offering amount
$144.2M
Amount sold
$56M
First sale
Jul 2024
Incorporated
Corporation, Delaware, 2020
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

Outpace Bio is a Seattle-based cell therapy company that applies AI-powered computational protein design to program engineered immune cells for improved function inside patients with solid tumors. The company's premise is that curing solid tumors requires solving several problems at once — immune suppression in the tumor microenvironment, poor persistence of transferred cells, and limited potency, safety and specificity — and that newly designed proteins, rather than repurposed natural molecules, are needed to address them.

The platform comprises five modular, described-as plug-and-play technology families: OUTSPACER (libraries of fully human CAR spacer sequences intended to optimize immunological synapse geometry and potency), OUTSMART (designed cytokines and novel promoter elements that produce and retain signaling proteins inside the tumor), OUTLAST (promoter elements and designed targeted degraders intended to sustain T cell persistence and allow cells to rest and reactivate), OUTSAFE (the EGFRopt fully human safety switch that responds to cetuximab and can also be used for cell selection and manufacturing quality control), and logic-gated targeting (recognition of antigen combinations to distinguish cancer from healthy tissue). These assets are designed to be combined within a single therapy and to be compatible with different cell types and manufacturing approaches.

Outpace is advancing an internal pipeline of engineered T cell therapies. Lead candidate OPB-101 is a mesothelin-specific CAR T cell incorporating OUTSMART, OUTLAST, OUTSPACER and OUTSAFE technologies, targeted at advanced platinum-resistant epithelial ovarian, fallopian tube or primary peritoneal cancer, with IND clearance and first patient dosing stated as on track for 2025. A second program, OPB-201, is a TCR-T cell therapy expected to enter the clinic around 2026 for solid tumors. Both lead programs are expected to be autologous, though the company states it may later pursue allogeneic and in vivo modalities.

Founding story

Co-founders Marc Lajoie and Scott Boyken pioneered the design of new biological function at David Baker's Institute for Protein Design, then worked with Stanley Riddell of Fred Hutch Cancer Center on designed proteins for cell therapy. After co-founding Lyell Immunopharma in 2018 with Baker, Riddell and others, they concluded that no single company could realize the full potential of the approach and spun Outpace out of Lyell to build the efficacy and safety technologies needed for curative cell therapies in solid tumors.

Business model

Outpace develops proprietary protein-design technology platforms and combines them into its own engineered cell therapy product candidates, while also licensing or applying those modular technologies within partnered cell therapy programs alongside biopharma collaborators.

Traction

Approximately $200 million raised in total capital as of August 2024, including a $144 million Series B; 53 employees at that time; lead CAR T program OPB-101 targeted for IND clearance and first dosing in 2025 and a second program OPB-201 for around 2026; preclinical data presentation planned for SITC 2024; collaborations with Lyell Immunopharma, the UW Institute for Protein Design and Fred Hutch Cancer Center; co-founder of the OpenFold AI Research Consortium.

Latest developments

In August 2024 Outpace announced a $144 million oversubscribed Series B led by RA Capital Management, bringing total capital raised to approximately $200 million, and appointed RA Capital partner Jake Simson to its board. Proceeds are directed at taking OPB-101 and OPB-201 to early clinical proof-of-concept and expanding the pipeline and platform. In November 2024 the company announced it would present new data on OPB-101 at the Society for Immunotherapy of Cancer annual meeting. The CEO stated in August 2024 that the company had no comment on IPO plans.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Outpace positions itself among multiple biotechs attempting to extend the success of CAR T therapy from blood cancers to solid tumors, differentiating on de novo protein design rather than reuse of natural molecules; its Series B was reported as the 60th private biotech megaround of 2024.

Rather than optimizing a single gene or reusing existing biomolecules, Outpace designs new proteins to address several barriers to solid tumor efficacy simultaneously, and packages them as modular, plug-and-play assets that can be combined in one therapy and applied across cell types and manufacturing processes.

Technology

The core technology is AI-powered, de novo computational protein design applied to cellular engineering, spanning machine learning, synthetic biology, immunology and structural biology. Designed proteins and novel promoter elements are used to build modular assets: OUTSPACER CAR spacer libraries of fully human sequences for synapse geometry and potency; OUTSMART designed cytokines with regulated, tumor-localized expression; OUTLAST persistence technology using promoter elements and designed targeted degraders; OUTSAFE/EGFRopt, a fully human cetuximab-responsive safety switch also usable for cell selection and manufacturing QC; and logic-gated targeting that reads combinations of surface antigens for single-cell specificity. The company reports that OPB-101 completely eliminated solid tumors in stringent in vivo models at doses as low as 50,000 cells, and that EGFRopt gave faster, more complete ablation of CAR activity in vivo.

Go-to-market

Outpace pursues an internal pipeline of engineered T cell therapies aimed at rapid clinical validation of its platform, complemented by strategic collaborations with biopharma companies and academic groups that embed its modular technologies into other cell therapy products. It has a partnership with its originator, Lyell Immunopharma, on tumor-restricted IL-12 intended to avoid systemic exposure.

Patients with solid tumors — initially advanced platinum-resistant epithelial ovarian, fallopian tube or primary peritoneal cancer — reached through oncology clinical development, plus biopharma partners seeking to license or incorporate its cell-engineering technologies.

Geography

Headquartered in Seattle, Washington, at 700 Dexter Ave N (Dexter Yard campus), with over 20,000 square feet dedicated to cell therapy research; manufacturing of cell therapies is carried out with an external CDMO.

History

The company traces its origins to work begun in 2014 at David Baker's Institute for Protein Design at the University of Washington, where co-founders Marc Lajoie and Scott Boyken developed methods for designing proteins with moving parts and precise interactions to create new biological functions. From 2017 they collaborated with Stanley Riddell at Fred Hutch Cancer Center on proteins that help cell therapies kill tumor cells while sparing healthy tissue. In 2018 Lajoie, Boyken, Baker and Riddell, with Rick Klausner and Crystal Mackall, co-founded Lyell Immunopharma to industrialize several of these technologies. Outpace was then spun out of Lyell (the company's timeline dates this to 2021) with support from Lyell and outside investors to focus on efficacy and safety technologies for cell therapy. In 2022 Outpace co-founded the OpenFold AI Research Consortium supporting open-access protein folding and design software, and in 2023 it moved into new laboratory space at Seattle's Dexter Yard while expanding academic collaborations with the UW Institute for Protein Design and Fred Hutch Cancer Center.

Risks & controversies

Outpace's lead assets were pre-clinical as of the August 2024 Series B, with OPB-101 IND clearance and first dosing targeted for 2025 and OPB-201 clinic entry around 2026, so the platform remains clinically unvalidated in humans. The company also notes recruiting fraud impersonating Outpace in its careers materials.

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

Key figures

latest reported
EmployeesAug 202453 people
Lab and office space dedicated to cell therapy researchJan 202520,000 square feet
OPB-101 effective dose in preclinical in vivo modelsAug 202450,000 cells
Total capital raisedAug 2024$200M

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

Competitors · 1

by search overlap

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

Timeline · 6

launches, deals, and filings
Nov 2024
New OPB-101 data to be presented at SITC 2024

Outpace Bio announced it would present new data on its programmed CAR T cell candidate OPB-101 at the 2024 Society for Immunotherapy of Cancer Annual Meeting.

source ↗

Aug 2024
Outpace Bio raises $144M oversubscribed Series B led by RA Capital Management

Outpace Bio announced a $144 million oversubscribed Series B financing, bringing total capital raised to approximately $200 million, to advance multiple programmed T cell candidates to early clinical proof-of-concept in solid tumors and expand its pipeline and platform.

$144M source ↗

Aug 2024
Jake Simson of RA Capital appointed to board of directors

Jake Simson, PhD, Partner at RA Capital Management, was appointed to Outpace Bio's Board of Directors in connection with the Series B financing.

source ↗

Aug 2024
Collaboration with Lyell Immunopharma on tumor-restricted IL-12

Outpace has a partnership with its originator Lyell Immunopharma investigating tumor-restricted IL-12 with the goal of avoiding systemic exposure.

source ↗

Jan 2023
Relocation to Dexter Yard laboratory campus in Seattle

Outpace moved to new laboratory and office space at Seattle's Dexter Yard campus, with over 20,000 square feet dedicated to cell therapy research, and expanded collaborations with the University of Washington Institute for Protein Design and Fred Hutch Cancer Center.

source ↗

Jan 2022
Co-founded the OpenFold AI Research Consortium

Outpace co-founded the OpenFold AI Research Consortium to support open-access development of protein folding and design software.

source ↗

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

Legal entities · 1

corporate structure
Outpace BioDelaware

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 Outpace Bio do?
Seattle biotech using AI-powered protein design to engineer T cell therapies for solid tumors.
Who founded Outpace Bio?
Outpace Bio was founded by Marc Lajoie, Scott Boyken, Stanley Riddell in 2020.
Who are Outpace Bio's investors?
Outpace Bio's investors include Artis Ventures, RA Capital, Abstract Ventures, Atinum Investment Co. Ltd., Civilization Ventures Management, Llc, Modi Ventures, Playground Global, Mana Ventures.
How much funding has Outpace Bio raised?
Outpace Bio has disclosed $56M raised across 1 of its 3 known rounds.
Where is Outpace Bio headquartered?
Outpace Bio is headquartered in Seattle, US.