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Complement Therapeutics
Gene therapy for complement-mediated diseases and blindness
About Complement Therapeutics
Complement Therapeutics is a biotechnology company with headquarters in Germany and research laboratories in the UK, focused on developing therapies for diseases caused by dysregulation of the complement system. The company was founded in 2020 as a spinout from the University of Manchester. The founders are Professor Simon J. Clark, Professor Paul Bishop, and Dr. Richard Unwin, whose research into novel targets within the complement cascade forms the basis of the company. Dr. Clark is a biochemist and immunologist focused on the role of the complement system in age-related macular degeneration (AMD). Professor Bishop is an ophthalmologist and expert in AMD and other retinal diseases. Dr. Unwin is an expert in mass spectrometry and proteomics, focusing on developing new analytical tools for studying chronic diseases.
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The company's lead product is CTx001, an AAV-based gene therapy being developed for Geographic Atrophy (GA), an advanced form of dry age-related macular degeneration that is a leading cause of blindness. CTx001 is designed to be a single-injection treatment that provides a long-term therapeutic effect, contrasting with other treatments that require regular injections. The company is also developing a pipeline of other potential therapies for complement-mediated conditions beyond ocular diseases. To support its therapeutic development, Complement Therapeutics has created the Complement Precision Medicine (CPM) platform. This diagnostics platform uses mass spectrometry to quantify over 30 proteins in the complement cascade from a single blood sample, allowing for better patient stratification, diagnosis, and monitoring for clinical trials.
Complement Therapeutics is a venture-backed company. It secured €5 million in a seed round in February 2022, co-led by Forbion and BioGeneration Ventures (BGV). This was followed by a larger €72 million ($79.1M) Series A financing in April 2023, led by Gimv and joined by a syndicate of new and existing investors including Cambridge Innovation Capital, Panakès Partners, and Seroba Life Sciences. This funding is intended to advance CTx001 through Phase 1b clinical trials and expand the company's research and development activities. The company is managed by CEO Dr. Rafiq Hasan, who has extensive experience in the pharmaceutical industry, particularly in ophthalmology at companies like Bayer and Novartis.
At a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- London, United Kingdom
- Employees
- 35
- Open positions
- 1
- Dealroom signal
- 77.5/100
- Industry
- Health
- Sub-industry
- BioTechnology
- Sector
- Biotech & Life Sciences, Biotechnology, Precision Medicine, Spinout, Disease, Hard Tech, Longevity, proteomics, DT and LS, uk is8 life sciences, UKSU
- Business model
- Manufacturing
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning Complement Therapeutics.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Apr 2023 | $79M | $317M | BioGeneration Ventures · Cambridge Innovation Capital · Panakès Partners · Gimv | ↗ |
| SEEDOther financing | Feb 2022 | $5.5M | $22M | BioGeneration Ventures · Forbion Capital Partners | — |
Growth signals
Latest recorded traffic for Complement Therapeutics is 1.1K monthly website visits, down 56% over the last three months. Complement Therapeutics's team declined 2.8% over the past year.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
BioGeneration Ventures
Forbion Capital Partners
Series A5 investors entered at this stage
Gimv
Cambridge Innovation Capital
Panakès Partners
Seroba Life Sciences
Hadean Ventures
Other known investors1 additional known investor
The University of Manchester
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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