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Cumulus Oncology

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Oncology biotech creator accelerating cancer drug development

Edinburgh, United KingdomFounded 2017Biotech & Life Sciences
Valuation $25–50M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Cumulus Oncology and the history behind them.

About Cumulus Oncology

Cumulus Oncology, founded in 2017 by Dr. Clare Wareing, operates as Europe's first oncology-focused biotech creation company. The firm is headquartered in Edinburgh, Scotland. Dr. Wareing, who holds a PhD in cancer cell biology, previously founded and successfully exited another company, Nexus Oncology, demonstrating her experience in the field. The company's leadership also includes co-founders like Chairman Alan Wise, former CEO of IOmet Pharma.

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The business operates on a 'hub and spoke' model, functioning as a company creation studio. Cumulus sources promising oncology assets from universities, research groups, and other biopharmaceutical companies. It then provides seed capital and drug development expertise, creating new spin-out companies to advance these assets toward clinical trials. This model aims to de-risk investment and improve the low success rate of late-stage oncology trials by building a diverse portfolio of companies, each focused on a specific area. The company utilizes advanced technologies like artificial intelligence and machine learning to prioritize targets and identify patient subgroups. Its revenue model involves managing these spin-outs to reach key milestones and value inflections, making them attractive investment opportunities for venture capital partners.

Cumulus has established several spin-out companies. Its first, Nodus Oncology, is focused on DNA Damage Response (DDR) and is advancing a PARG inhibitor program. A second company, GIO Therapeutics AG, was launched to develop therapies targeting G-protein coupled receptors (GPCRs), with an initial focus on a GPR68 program. Other disclosed ventures are aimed at developing inhibitors for GTPases, which are often dysregulated in cancer cells. Through collaborations with partners like leadXpro, Cumulus accelerates the drug discovery process, as seen with the rapid identification of small molecules against the GPR68 target.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Edinburgh, United Kingdom
Employees
16
Open positions
None listed
Dealroom signal
65.5/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Oncology, Drug Development, Biotech and Pharma, AI Drug Discovery, Techbio, Hard Tech, Woman Founder, Techbio Drug Discovery
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b
Investment activity
2 companies, latest Jan 2024
Capital deployed
$5.5M
Preferred round
SEED

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEED✓Equity / VC Jan 2024 $12M $48M Eos Advisory · Scottish National Investment Bank ↗
SEED✓Equity / VC Feb 2022 $5.4M $22M Eos Advisory ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Cumulus Oncology website traffic

Latest recorded traffic for Cumulus Oncology is 30 monthly website visits, down 96.4% over the last three months. Cumulus Oncology's team grew 0% over the past year.

Latest monthly visits30 3-month web change-96.4% 1-year team growth0%
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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Investments and acquisitions

Capital deployed

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

Investors

7 investors on the cap table

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

Seed6 investors entered at this stage

  • Investing Women
  • Apollo Global Management
  • Eos Advisory
  • Scottish Enterprise Growth Investments
  • Alba Equity
  • Scottish National Investment Bank

Other known investors1 additional known investor

  • Apollo Informal Investment
Team profiled 18 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
2 countries with
team presence
🇬🇧 United Kingdom85.7%
🇺🇸 United States14.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cumulus Oncology 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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