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Refuge Biotechnologies

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A discovery-stage therapeutic company focused on gene editing and genetic engineering of immune cells for cancer immunotherapy

Menlo Park, United StatesFounded 2015Biotech & Life Sciences
Valuation $100–250M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Refuge Biotechnologies

Refuge Biotechnologies operates as a preclinical-stage cancer immunotherapy company, founded in 2015. The company was established by a team that includes Dr. Bing C. Wang, who served as CEO, and Dr. Stanley Qi, a scientific founder from Stanford University whose work is central to the company's technological platform. Dr. Qi, a prominent bioengineer, pioneered the development of a nuclease-deactivated Cas9 (dCas9). This modified CRISPR system functions not as molecular scissors to cut DNA, but as a precise tool to either activate (CRISPRa) or interfere with (CRISPRi) gene expression. This innovation allows for the turning on or off of specific genes without making permanent alterations to the genetic code. Dr. Wang, a cancer survivor, brought nearly a decade of life science investment banking experience to the company, having served as a director at Barclays Capital.

The company's business model focuses on developing its proprietary cell therapies and forming strategic partnerships with larger pharmaceutical entities. A key milestone was the exclusive, worldwide license agreement announced in October 2022 with Kite, a Gilead Company. Under this agreement, Kite gained exclusive rights to use Refuge's gene expression platform to develop treatments for blood cancers, taking on all related R&D, manufacturing, and commercialization costs. In return, Refuge received an upfront payment and is eligible for performance-based milestone payments, while retaining all rights for programs related to solid tumor indications. The company has also engaged in collaborations, such as a 2021 agreement with The University of Texas MD Anderson Cancer Center to co-develop its RB-340 CAR T cell therapy and apply its platform to MD Anderson's tumor-infiltrating lymphocyte (TIL) programs.

Refuge Biotechnologies develops intelligent cell therapies, primarily CAR-T, designed to combat cancer more effectively. The core of its approach is the receptor-dCas platform, which engineers immune cells to sense their environment and react selectively. These therapeutic cells can be programmed to recognize specific antigens on cancer cells. Upon detection, the cells conditionally activate or repress multiple genes simultaneously. For example, a therapy could be designed to down-regulate the PD-1 gene—a common checkpoint inhibitor—only when the T-cell is near a tumor, thereby reducing T-cell exhaustion and increasing its cancer-fighting persistence specifically at the tumor site. This context-dependent system aims to create more potent treatments with fewer toxic side effects compared to first-generation cell therapies. While the company has explored treatments for both blood cancers and solid tumors, the recent partnership with Kite has delineated a focus, with Kite pursuing blood cancers and Refuge retaining solid tumor applications.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Menlo Park, United States
Employees
3
Open positions
None listed
Dealroom signal
62.3/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Intelligent Systems, Biotechnology, Oncology, Immune System, Synthetic Biology, Spinout, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC May 2018 $25M $100M Ocean Pine Healthcare Fund · WuXi Healthcare Ventures · ShangBay Capital · 3SBio —
SERIES AEquity / VC Jan 2016 $8.9M $36M Undisclosed —
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Growth signals

Refuge Biotechnologies website traffic

Latest recorded traffic for Refuge Biotechnologies is 160 monthly website visits, down 33.3% over the last three months. Refuge Biotechnologies's team declined 25% over the past year.

Latest monthly visits160 3-month web change-33.3% 1-year team growth-25%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

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Investments and acquisitions

Capital deployed

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

Investors

11 investors on the cap table

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

Series A9 investors entered at this stage

  • Sequoia
  • Ocean Pine Healthcare Fund
  • WuXi Healthcare Ventures
  • ShangBay Capital
  • 3SBio
  • HSG
  • 3E Bioventures
  • DHVC (Danhua Capital)
  • Sangel Capital

Other known investors2 additional known investors

  • Stanford University
  • DHVC
Team profiled 4 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
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Refuge Biotechnologies 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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