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bit.bio

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Developing a scalable technology platform capable of producing consistent batches of every human cell

Cambridge, United KingdomFounded 2016Biotech & Life Sciences
Valuation $100–250M Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for bit.bio and the history behind them.

About bit.bio

bit.bio, a synthetic biology company, was spun out of the University of Cambridge in 2016 by Dr. Mark Kotter. Originally named Elpis Biomed, the company rebranded to bit.bio to reflect its focus on the intersection of coding and biology. The founder, Dr. Kotter, is a neurosurgeon and stem cell biologist whose research at Cambridge University led to the development of the company's core technology. His motivation stems from a desire to transition biology into an engineering discipline to address significant patient needs, a path he embarked on after deciding at nineteen to pursue medicine to make a difference in people's lives. The company has secured substantial funding, raising approximately $225 million from investors including Arch Venture Partners, Blueyard Capital, Foresite Capital, and Tencent.

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The company's core business revolves around its proprietary cell coding platform, which facilitates the creation of consistent, scalable batches of any human cell type. This is achieved through a patented gene-targeting approach called opti-ox™ (optimised inducible overexpression). This technology reprograms human induced pluripotent stem cells (iPSCs) into specific, mature cell types by controlling the expression of key transcription factors. By overcoming the inconsistencies and scalability issues of traditional stem cell differentiation, bit.bio provides a reliable source of human cells for research, drug discovery, and the development of cell therapies. The business generates revenue by selling its cell products and through strategic partnerships with pharmaceutical and research organizations.

bit.bio's primary product line is marketed under the brand ioCells. This portfolio includes a variety of human cell types, such as nerve, immune, and muscle cells, available as wild-type cells, disease models, and CRISPR-ready cells for gene editing applications. These products offer researchers and drug developers access to physiologically relevant human cell models, aiming to bridge the 'translation gap' that often leads to high failure rates in clinical trials. The company's discovery platform utilizes genetic screening and machine learning to identify the precise transcription factor combinations required to create any desired cell type. Through collaborations with entities like BlueRock Therapeutics and Charles River Laboratories, bit.bio is expanding the application of its technology towards creating a new generation of medicines and cell therapies accessible to every patient.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Cambridge, United Kingdom
Employees
166
Open positions
1
Dealroom signal
71.1/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Genetics and genomics, Stem Cells, Core AI, Synthetic Biology, Spinout, Genome Engineering, Tech for Biotech and Pharma
Technology
Artificial Intelligence, Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

9 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Jan 2026 $50M $200M M&G ↗
LATE VCOther financing Dec 2024 $30M $515M Tencent · Milky Way Ventures · ARCH Venture Partners · BlueYard Capital ↗
Showing the latest 2 of 9 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

bit.bio website traffic

Latest recorded traffic for bit.bio is 27K monthly website visits, down 38.6% over the last three months. bit.bio's team grew 4.4% over the past year.

Latest monthly visits27K 3-month web change-38.6% 1-year team growth+4.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A9 investors entered at this stage

Series B and later2 investors entered at this stage

  • M&G
  • Milky Way Ventures

Other known investors3 additional known investors

  • Cambridge Enterprise
  • University of Cambridge
  • ZAKA VC
Team profiled 28 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇬🇧 United Kingdom92.1%
🇺🇸 United States4.8%
🇦🇹 Austria1.6%
🇪🇸 Spain0.8%
🇿🇦 South Africa0.8%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about bit.bio on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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