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Federation Bio

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Developing microbiome-based therapeutics to durably reverse serious diseases

San Francisco, United StatesFounded 2019Biotech & Life Sciences
Valuation $250–500M Last recorded · 2020
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Federation Bio

Federation Bio was a microbial therapeutics company established in 2019 by co-founders Michael Fischbach, Ph.D., and Dylan Dodd, M.D., Ph.D., based on their research at Stanford University. The company officially launched in October 2020 with a significant $50 million Series A financing round led by Horizons Ventures, with participation from Venrock, Altitude, and Seventure Partners/Health for Life Capital. This followed an initial seed round in 2018. The company appointed Emily Drabant Conley, Ph.D., previously a vice president at 23andMe, as its Chief Executive Officer upon its public launch.

The firm's core business was the development of live biotherapeutic products (LBPs) to address serious diseases where the human microbiome is believed to play a therapeutic role. Federation Bio operated on two main scientific platforms. The first was a community platform that assembled large, diverse, and rationally selected consortia of naturally occurring gut bacteria to create stable microbial communities capable of treating chronic diseases. The second platform involved genetically engineering bacteria to modulate immune system responses. This dual approach was designed to create more effective and durable treatments by using microbial communities with orders of magnitude more strains than many competing therapies.

The company's lead program, FB-001, was an investigational oral therapy consisting of 148 bacterial strains designed to treat secondary hyperoxaluria, a condition leading to recurrent kidney stones. Federation Bio had advanced this program to a Phase 1 clinical trial. In February 2023, the company announced a strategic collaboration with The University of Texas MD Anderson Cancer Center to design and manufacture a synthetic microbial consortium aimed at improving immunotherapy responses in cancer patients. Despite these developments, Federation Bio ceased operations in 2023. In October 2023, Kanvas Biosciences acquired Federation Bio's two active therapeutic programs, its microbial library, manufacturing technology, and key intellectual property.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
San Francisco, United States
Employees
21
Open positions
None listed
Dealroom signal
57.2/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Oct 2020 $50M $200M Seventure Partners · Altitude Life Science Ventures · Venrock · Horizons Ventures —
SPINOUTOther financing Jan 2019 $0 — Stanford University —
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Growth signals

Federation Bio website traffic

Latest recorded traffic for Federation Bio is 140 monthly website visits, down 41.7% over the last three months. Federation Bio's team grew 0% over the past year.

Latest monthly visits140 3-month web change-41.7% 1-year team growth0%
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Similar companies

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Investments and acquisitions

Capital deployed

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

Investors

5 investors on the cap table

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

Series A4 investors entered at this stage

Other known investors1 additional known investor

  • Stanford University
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 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
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Federation 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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