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Syntax Bio

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CRISPR-based platform controlling and accelerating cell differentiation

Chicago, United StatesFounded 2018Biotech & Life Sciences
Valuation $50–100M Last recorded · 2026
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 Syntax Bio and the history behind them.

About Syntax Bio

Syntax Bio is a preclinical-stage biotechnology company founded in 2018 that is engineering a discovery platform to address challenges in stem cell-derived therapies. The company was co-founded by Ryan Clarke, PhD, and Professor Brad Merrill, PhD, from the University of Illinois at Chicago. The technology is based on research from Professor Merrill's lab, which was co-developed by Clarke during his PhD studies from 2014 to 2019. After earning his doctorate, Clarke gained experience in drug discovery at Sana Biotechnology, which exposed him to the manufacturing challenges in the cell therapy field. The company officially launched and came out of stealth mode in 2021.

Syntax Bio's core technology is its proprietary "Cellgorithm" platform. This platform uses a modified, non-gene-editing CRISPR system to regulate the turning on and off of specific genes in a controlled sequence. This process mimics natural human developmental processes at the epigenetic level to direct induced pluripotent stem cells (iPSCs) to differentiate into a wide variety of specific, functional cell types. The Cellgorithm system uses episomal plasmids, which are temporary instructions delivered into the cells, to guide this differentiation, cutting timelines from months to days. This approach is designed to make the discovery and manufacturing of cell therapies faster, more scalable, less expensive, and more reliable than traditional methods.

The company operates on a collaborative business model, forming discovery partnerships with biopharmaceutical companies and other entities in the cell therapy ecosystem. This model involves upfront R&D payments, milestone-based fees, and royalties. Syntax Bio also plans to develop its own drug programs, which would later require pharmaceutical partners for market entry. The company has successfully generated cell types like pancreatic beta cells, which have potential applications for Type 1 diabetes, and plans to develop cells for the bone marrow, endocrine, and immune systems. To date, the company has raised $15 million in funding from investors including Astellas Venture Management, Illumina Ventures, DCVCBio, and Portal Innovations.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Chicago, United States
Employees
17
Open positions
None listed
Dealroom signal
76.2/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, Woman Founder, DT and LS, science-based
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jun 2026 $14M $58M Draper Associates · Illumina Ventures · Illinois Ventures · Mayo Clinic ↗
GRANT✓Other financing Dec 2025 $0 — Breakthrough T1D ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Syntax Bio website traffic

Latest recorded traffic for Syntax Bio is 2.7K monthly website visits, down 3.6% over the last three months. Syntax Bio's team grew 21.4% over the past year.

Latest monthly visits2.7K 3-month web change-3.6% 1-year team growth+21.4%
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

13 investors on the cap table

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

Seed1 investor entered at this stage

  • Breakthrough T1D

Series A9 investors entered at this stage

  • Portal Innovations
  • Illumina Ventures
  • Astellas Venture
  • Civilization Ventures
  • DCVC Bio
  • Draper Associates
  • Illinois Ventures
  • Mayo Clinic
  • Allegis Capital

Other known investors3 additional known investors

Team profiled 3 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 States94.1%
🇨🇦 Canada5.9%
2 countries shown

Market sentiment

Posts on X, past 7 days

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