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CrossBridge Bio

Biotech & Life Sciences · Houston, United States · Founded 2023

Dual-payload antibody-drug conjugates to improve targeted cancer therapies and overcome tumor resistance MoreLess

CrossBridge Bio is a biotechnology firm established in 2023, concentrating on the development of next-generation antibody-drug conjugates (ADCs) for targeted cancer therapy. The company's foundation is built upon the research of its co-founders, Dr. Kyoji Tsuchikama and Dr. Zhiqiang An, from UTHealth Houston. Dr. Tsuchikama is recognized for his work in ADCs, while Dr. An serves as the Director of the Texas Therapeutics Institute. The CEO and co-founder, Dr. Michael Torres, transitioned from an Entrepreneur in Residence role at the Texas Medical Center's Accelerator for Cancer Therapeutics, where CrossBridge Bio was formed, bringing prior experience from co-founding ReCode Therapeutics.

The company's core business revolves around its proprietary technology platform designed to create dual-payload ADCs. This approach involves attaching two different therapeutic agents to a single antibody, aiming to overcome challenges faced by conventional ADCs such as treatment resistance and side effects. The platform utilizes a unique, highly stable linker technology that ensures the payloads are released specifically within cancer cells, which maximizes therapeutic impact while minimizing harm to healthy tissue. CrossBridge Bio employs microbial transglutaminase (mTG) for precise, site-specific conjugation, allowing for controlled drug-to-antibody ratios and the creation of uniform ADC products.

The business model focuses on advancing a pipeline of ADC programs for treating solid tumors. Its lead candidate, CBB-120, is a TROP-2 dual-payload ADC being developed for solid tumors, including certain types of breast cancer. The company generates capital through financing rounds to fund its research and development. In late 2024, CrossBridge Bio secured $10 million in seed financing from investors including TMC Venture Fund, CE-Ventures, Portal Innovations, and Alexandria Venture Investments. This funding is allocated to advancing CBB-120 into preclinical toxicology studies and further developing the company's linker technology.

Keywords: antibody-drug conjugates, ADC therapeutics, dual-payload ADCs, targeted cancer therapy, oncology, biotechnology, solid tumors, TROP-2, proprietary linker technology, enzymatic conjugation, cancer research, preclinical studies, CBB-120, UTHealth Houston, Texas Medical Center, biopharmaceuticals, drug discovery, molecular medicine, therapeutic index, tumor heterogeneity

Company overview

CrossBridge Bio company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2023
Headquarters
Houston, United States
Employees
4
Open positions
None listed
Dealroom signal
63.1
client focusb2bsub industryBioTechnologybusiness modelManufacturingindustryHealthsectorBiotechnologysectorOncologysectorAntibodiessectorSpinoutsectorBiotech and PharmasectorAntibody-Drug ConjugatesectorDT and LSsectorscience-based

Valuation & funding

CrossBridge Bio funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Apr 2026 $300M $300M Eli Lilly
GRANTOther financing Nov 2025 $15M Cancer Prevention and Research Institute of Texas (CPRIT)
SEEDEquity / VC Nov 2024 $10M $40M CE-Ventures · Linden Lake Ventures · Portal Innovations · Alexandria Venture Investments
GRANTOther financing May 2024 $2.6M Cancer Prevention and Research Institute of Texas (CPRIT)
SPINOUTOther financing Apr 2024 $0 University of Texas Health Science Center at Houston
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Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 2
2025 2
2024 2
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Growth signals

CrossBridge Bio website traffic

Latest recorded traffic for CrossBridge Bio is 1.3K monthly website visits, down 27.8% over the last three months. CrossBridge Bio's team grew 100% over the past year.

Latest monthly visits1.3K 3-month web change-27.8% 1-year team growth+100%
Monthly website visits26 observations · Apr 2024–Jun 2026
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Comparisons

CrossBridge Bio compared with similar companies

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Talent graph

CrossBridge Bio's talent

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Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 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.

Investors

8 investors on CrossBridge Bio's cap table

Sourced from Dealroom's funding and investor records.

Seed 6 investors entered at this stage
Cancer Prevention and Research Institute of Texas (CPRIT)
CE-Ventures
TMC Venture Fund
Linden Lake Ventures
Portal Innovations
Alexandria Venture Investments
Other known 2 additional known investors
Eli Lilly
University of Texas Health Science Center at Houston

Global footprint

Where CrossBridge Bio has talent and traffic

Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

In the news

Latest news about CrossBridge Bio

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Market sentiment

What the market is saying about CrossBridge Bio

An AI-synthesized read of the highest-engagement posts about CrossBridge Bio on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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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