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Boulevard Bio

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Advanced therapies for B cell-mediated autoimmunity.

New York City, United StatesBiotech & Life Sciences
Valuation $100–500M Latest valuation · 2026
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Boulevard Bio

Boulevard Bio is a clinical-stage precision immunology company focused on developing therapies for B cell–driven autoimmune diseases. The company was incubated and is backed by Deerfield Management, a healthcare investment firm, combining the agility of a startup with the strategic resources of an established investor. Boulevard Bio was established by pioneers in B cell biology and is guided by veteran biotech executives. The company maintains a low public profile, focusing its efforts on advancing its therapeutic pipeline. The company's strategy involves accelerating innovation by acquiring and in-licensing promising external assets alongside internal development. A significant strategic move was the June 2026 agreement to license the global rights for MTS-128, a preclinical trispecific T-cell engager (TCE), from Metis TechBio. This deal, valued at up to $1.6 billion, provides Boulevard Bio with an asset developed using an AI-driven platform to target autoimmune diseases. Boulevard Bio's pipeline is led by a highly differentiated BAFF/APRIL dual inhibitor designed for subcutaneous administration. This lead candidate is being advanced with an accelerated clinical path to potentially establish a new standard of care in IgA Nephropathy (IgAN), an autoimmune disease with significant unmet medical need. Beyond its lead asset and the recently acquired TCE, the company's pipeline includes two additional programs centered on B cell reset and the combination of B cell biology with other disease drivers. Keywords: Precision immunology, B cell therapies, autoimmune diseases, Deerfield Management, clinical-stage biotechnology, BAFF/APRIL inhibitor, IgA Nephropathy, IgAN, T-cell engager, TCE, immunotherapy, biopharmaceutical, MTS-128, Metis TechBio, B cell biology, subcutaneous administration, B cell reset, antibody-drug conjugates, immunology R&D, autoimmune treatment

Source: Dealroom company data

At a glance

Status
Operational
Headquarters
New York City, United States
Employees
5
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Autoimmune, Inflammatory Diseases, Immune System
Business model
Manufacturing
Client focus
b2b

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDEquity / VC Aug 2026 $65M $260M Deerfield
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Investors

1 investor on the cap table

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

Seed1 investor entered at this stage

  • Deerfield
Employees 5 total headcount
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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
2 countries with
team presence
🇺🇸 United States80%
🇨🇦 Canada20%
2 countries shown

Market sentiment

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