Fundraising Fox

Sana Biotechnology

Seattle, US · Founded 2018 · 250 employees on LinkedIn · 13 known investors

Sana is a biotech company developing engineered cell medicines, including gene therapies for gene modification and delivery, cell replacement therapies using stem cell biology, and manufacturing solutions to improve patient access to these treatments.

Also known as Sana · Sana Biotechnology, Inc.

Founders & leadership

Sana Biotechnology was founded in 2018 by Richard Mulligan and Hans Bishop.

RMRichard Mulligan
Richard MulliganinCo-founder · Vice Chairman and Head, Sana X
HBHans Bishop
Hans BishopCo-founder
SHSteve Harr
Steve HarrPresident and Chief Executive Officer
JJJames J. MacDonald
James J. MacDonaldExecutive
NHNathan Hardy
Nathan HardyExecutive

Board

GV
Geoffrey von MaltzahnBoard director
DC
Douglas ColeBoard director
SK
Stephen KnightBoard director
RN
Robert NelsenBoard director
DP
Donald PayanBoard director
PY
Patrick YangBoard director
MA
Mary Agnes WilderotterBoard director

Investors · 13

Also in the syndicate · 5

Alaska Permanent FundAltitude Life Science InvestorsCanada Pension Plan Investment BoardOmega FundsPublic Sector Pension Investment Board

Funding

SEC filings, press & company announcements

$866.9M disclosed across 2 of 7 rounds · 2018–2026

  • Undisclosed amountSeries A extensionOct 2021
    Source ↗
$821.1MraisedJun 2020 · 40 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Geoffrey von MaltzahnDirector
  • Donald PayanDirector
  • Douglas ColeDirector
  • Richard MulliganDirector
  • Patrick YangDirector
  • Stephen KnightDirector
  • James J. MacDonaldExecutive Officer
  • Nathan HardyExecutive Officer
  • Robert NelsenDirector
  • Mary Agnes WilderotterDirector
  • Hans BishopDirector
  • Steven D. HarrExecutive Officer, Director
Offering amount
$821.1M
Amount sold
$821.1M
First sale
Feb 2019
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$45.9MraisedJun 2020 · 8 investors · Biotechnology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert NelsenDirector
  • Mary Agnes WilderotterDirector
  • Douglas ColeDirector
  • Richard MulliganDirector
  • Geoffrey von MaltzahnDirector
  • James J. MacDonaldExecutive Officer
  • Hans BishopDirector
  • Steven D. HarrExecutive Officer, Director
  • Stephen KnightDirector
  • Nathan HardyExecutive Officer
  • Patrick YangDirector
  • Donald PayanDirector
Offering amount
$45.9M
Amount sold
$45.9M
First sale
Oct 2018
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.

Company profile

researched Aug 2026

Sana Biotechnology is a Seattle-headquartered company focused on engineering cells as medicines. Its work is organized around three stated aspirations: repairing and controlling genes in any cell in the body (the field classically described as gene therapy), replacing missing or damaged cells using the convergence of stem cell biology and immunology, and building scalable, cost-conscious manufacturing and stakeholder alignment to broaden patient access to the resulting therapies.

The company describes two principal technology areas. Its ex vivo cell replacement work aims to differentiate stem cells into clinically needed cell types—for example pancreatic islet cells for type 1 diabetes—and addresses what Sana frames as the field's core challenges: manufacturing cells at scale and ensuring they engraft, function, and persist, including overcoming immune rejection. Its in vivo Cell Engineering platform targets delivery of payloads (DNA, RNA, proteins) to specific cell types, gene modification (gene editing, base editing, gene insertion, and control of gene expression), and execution in manufacturing and clinical development. Sana states it builds some capabilities internally and partners for others.

Sana's disclosed pipeline focus areas include diabetes, B-cell cancers, and B-cell related autoimmune disorders. The company maintains sites in Seattle (188 East Blaine Street), South San Francisco, and Cambridge, Massachusetts.

Founding story

Sana Biotechnology was founded by former Juno Therapeutics executives Hans Bishop and Steve Harr, along with other executives, and became publicly known on January 4, 2019; the earliest public trace cited is a trademark application filed in August 2018. Harr, previously Juno's chief financial officer, became CEO, and Bishop, previously Juno's CEO, was a co-founder. The company is described as a spin-out from Flagship Pioneering. Harr said he chose Seattle as headquarters to be near talent and the local entrepreneurial environment in gene therapy and cellular engineering, relocating from New York. The founding executive team also included Sunil Agarwal (Chief Development Officer and Head of Portfolio Strategy), Chad Cowan (Chief Scientific Officer), Andy May (Chief Technology Officer), Robin Andrulevich (Chief People Officer), Nate Hardy (Chief Financial Officer), Christian Hordo (Chief Business Officer), and James MacDonald (General Counsel).

Traction

As of mid-2020 the company reported approximately 230 employees across Seattle, San Francisco and Cambridge, of which about 10% came from Juno Therapeutics. It had raised over $700 million in its initial financing (reported as $821 million in SEC filings) and has published platform data in peer-reviewed journals through 2025, including New England Journal of Medicine reports on transplanted allogeneic beta cells.

Latest developments

Publications listed by the company include an August 2025 New England Journal of Medicine paper on survival of transplanted allogeneic beta cells with no immunosuppression, a September 2025 NEJM piece on replacement of beta cells for type 1 diabetes, an October 2025 Nature Reviews Drug Discovery article on in vivo CAR-T cell therapy, and a December 2025 Nature Biotechnology paper on in vivo gene editing of human hematopoietic stem and progenitor cells using envelope-engineered virus-like particles.

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

Market position

Sana was characterized at launch as a new entrant in regenerative medicine whose founders' Juno Therapeutics track record drove unusual investor interest; its initial raise was described as one of the largest in recent memory for a Seattle-area biotech startup, compared with the $264-265 million Juno raised in its 2014 IPO before being acquired by Celgene for $9 billion in 2018.

Technology

Sana describes two platform areas. The Hypoimmune platform underpins ex vivo cell replacement, engineering cells to avoid immune rejection; associated publications report survival of transplanted allogeneic beta cells without immunosuppression, hypoimmune islets achieving insulin independence in a fully immunocompetent non-human primate, long-term survival of hypoimmune induced pluripotent stem cells in allogeneic rhesus macaques, human hypoimmune primary pancreatic islets avoiding rejection and autoimmunity in humanized mice, and hypoimmune anti-CD19 CAR T cells providing tumor control in allogeneic humanized mice. The Fusogen platform supports in vivo cell engineering, with publications on in vivo CAR-T cell therapy and in vivo gene editing of human hematopoietic stem and progenitor cells using envelope-engineered virus-like particles. Stated core capabilities also include making cells at scale ex vivo, in vivo delivery of DNA, RNA and protein payloads to specific cell types, immunology approaches to hide allogeneic cells from the immune system, controllable gene and protein expression systems, and scaled, cost-efficient manufacturing.

Go-to-market

Patients with diseases including type 1 diabetes, B-cell cancers, and B-cell related autoimmune disorders; the company also references working with partners and stakeholders across the cell and gene therapy field.

Geography

Headquarters in Seattle, Washington (188 East Blaine Street, Suite 350), with additional offices in South San Francisco, California (1 Tower Place, Suite 500) and Cambridge, Massachusetts (300 Technology Square, Suite 700).

History

Founded by ex-Juno Therapeutics leaders and publicly identified in January 2019, Sana announced in June 2020 the funding of all tranches of its initial financing, raising over $700 million; SEC documents reported at the time indicated $821 million in the initial funding round, with most of the money secured roughly a year earlier. Company press announcements listed on its site include the acquisition of Oscine, board of directors appointments, and additions to its senior research and regulatory leadership (Ed Rebar, Terry Fry, and Ke Liu). Published research tied to its Hypoimmune and Fusogen platforms appeared through 2023-2025 in journals including the New England Journal of Medicine, Nature Biotechnology, Cell Stem Cell, Science Translational Medicine, Nature Communications, and Nature Reviews Drug Discovery.

Risks & controversies

The company itself notes that achieving its goals will take decades of commitment and that there will be setbacks and even failures, and that it cannot achieve them alone. Its CEO has publicly criticized industry practices of running experiments primarily to justify raising more capital. Sources contain differing figures for the initial financing ("more than $700 million" per the company versus $821 million per SEC documents cited by press).

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

Key figures

latest reported
EmployeesJun 2020230 people
Initial funding round amount per SEC documentsJun 2020$821M
Office locationsJan 20253 sites
Share of employees who came from Juno TherapeuticsJun 202010%

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

7 people who came through Sana Biotechnology went on to found or lead other companies.

Competitors · 4

by search overlap

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

Timeline · 6

launches, deals, and filings
Jun 2020
Sana announces completion of initial financing of over $700 million

Sana announced funding of all tranches of its initial financing, raising over $700 million; investors included ARCH Venture Partners, Flagship Pioneering, Canada Pension Plan Investment Board, Baillie Gifford, F-Prime Capital, Alaska Permanent Fund and the Public Sector Pension Investment Board. Press reporting citing SEC documents put the initial round at $821 million and added Bezos Expeditions, Altitude Life Science Investors, GV and Omega Funds as investors.

$700M source ↗

Jan 2020
Sana Biotechnology announces acquisition of Oscine

Company press release listed among recent posts announcing Sana's acquisition of Oscine. No date or terms disclosed in the source.

source ↗

Jan 2020
Appointments to board of directors announced

Company press release announcing appointments to Sana's board of directors. No date or names given in the source.

source ↗

Jan 2020
Ed Rebar and Terry Fry join senior research leadership team

Company press release announcing that Ed Rebar, Ph.D., and Terry Fry, M.D., strengthened Sana's senior research leadership team. No date given in the source.

source ↗

Jan 2020
Ke Liu joins senior leadership team to build regulatory capabilities

Company press release announcing that Ke Liu, M.D., Ph.D., joined Sana's senior leadership team, building key regulatory capabilities. No date given in the source.

source ↗

Jan 2019
Sana Biotechnology publicly launches

Sana Biotechnology entered the marketplace, founded by former Juno Therapeutics executives Hans Bishop and Steve Harr among others, as a spin-out from Flagship Pioneering with operations in Seattle, Cambridge and San Francisco. The earliest public mention cited is a trademark application filed in August 2018.

source ↗

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

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 Sana Biotechnology do?
Seattle-based biotech developing engineered cell medicines across in vivo gene delivery and ex vivo cell replacement.
Who founded Sana Biotechnology?
Sana Biotechnology was founded by Richard Mulligan, Hans Bishop in 2018.
Who are Sana Biotechnology's investors?
Sana Biotechnology's investors include American Family Ventures, ARCH Venture Partners, F-Prime Capital, Flagship Pioneering, Innovating Capital, JDRF T1D Fund, Manta Ray Ventures, OUP (Osage University Partners).
How much funding has Sana Biotechnology raised?
Sana Biotechnology has disclosed $866.9M raised across 2 of its 7 known rounds.
Where is Sana Biotechnology headquartered?
Sana Biotechnology is headquartered in Seattle, US.