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Triplet Therapeutics

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Triplet is developing transformative therapies that treat repeat expansion disorders at their source

Cambridge, United StatesFounded 2019Biotech & Life Sciences
Valuation $100–500M Latest valuation · 2019
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Triplet Therapeutics

Triplet Therapeutics was a biotechnology firm established in 2018 by Nessan Bermingham, a serial entrepreneur and venture partner at Atlas Venture, alongside Andrew Fraley and Atlas Venture itself. Bermingham, who also co-founded Intellia Therapeutics and Korro Bio, brought nearly two decades of experience in leading life science startups to the venture. The company launched publicly in December 2019 with a substantial $59 million in financing, which included a $10 million seed investment from Atlas Venture and a $49 million Series A round. The Series A was co-led by MPM Capital and Pfizer Ventures, with participation from Invus, Partners Innovation Fund, and Alexandria Venture Investments.

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The company focused on developing treatments for repeat expansion disorders (REDs), a category of over 40 genetic diseases such as Huntington's disease, myotonic dystrophy, and various spinocerebellar ataxias. Triplet's scientific premise was based on targeting the DNA Damage Response (DDR) pathway, which human genetic evidence identified as a central driver of the onset and progression of these disorders. The business model centered on creating novel therapies that could halt or slow disease progression by addressing the root genetic cause. Its therapeutic strategy involved developing antisense oligonucleotides (ASOs) and small interfering RNAs (siRNAs) to precisely reduce the activity of key components in the DDR pathway. This approach was considered upstream to other methods in development, as it targeted the fundamental driver of the diseases.

Triplet's lead clinical candidate was TTX-3360, an ASO designed to target the MSH3 component of the DDR pathway. The therapy was intended to be delivered via intracerebroventricular injection to reach deep brain structures affected early in Huntington's disease. The company also initiated a natural history study called SHIELD-HD to gather data that would inform its clinical trials. Despite its promising start and scientific approach, Triplet Therapeutics ceased operations around October 2022. The closure was attributed to a combination of factors, including clinical setbacks related to the toxicity of its lead ASO compound in the central nervous system during animal studies, and difficulties in securing further investment. The broader context of clinical trial failures for Huntington's disease by other companies and a general slowdown in biotech financing contributed to the challenging funding environment. Following its closure, the company's assets were acquired through an assignment for the benefit of creditors process.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2019
Headquarters
Cambridge, United States
Employees
13
Open positions
None listed
Dealroom signal
0.0/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, DNA, Genetics and genomics, Biotech and Pharma, Hard Tech, DT and LS, science-based
Client focus
b2b

Latest news

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Dec 2019 $49M $196M Invus · Partners Innovation Fund · MPM BioImpact
SEEDOther financing Jan 2019 $10M $40M Atlas Venture
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Growth signals

Triplet Therapeutics website traffic

Latest recorded traffic for Triplet Therapeutics is 60 monthly website visits, down 83.3% over the last three months. Triplet Therapeutics's team grew 0% over the past year.

Latest monthly visits60 3-month web change-83.3% 1-year team growth0%
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Similar companies

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Investors

4 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

Series A3 investors entered at this stage

  • MPM BioImpact
  • Invus
  • Partners Innovation Fund
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 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 · Cambridge HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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