Engage Bio

Santa Clara, United States Founded: 2021 • Age: 5 yrs Acquired By Lilly
Developer of immunotherapies for the treatment of cancer
Annual revenue - Latest available
Total funding $125,000 1 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About Engage Bio

Engage Bio is a company based in Santa Clara (United States) founded in 2021 by Kathryn Strobel Kwant and Will Olsen was acquired by Lilly in May 2026. Engage Bio has raised $125 thousand across 1 funding round from investors including Lilly and Y Combinator. Engage Bio offers products and services including Tethosomes. Engage Bio operates in a competitive market with competitors including Moderna, Strand Therapeutics, Immorna, ReviR Therapeutics and Abogen Biosciences, among others.

  • Headquarter Santa Clara, United States
  • Founders Kathryn Strobel Kwant, Will Olsen
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $125 K (USD)

    in 1 rounds

  • Latest Funding Round
    $125 K (USD), Seed

    Mar 29, 2022

  • Investors
    Lilly

    & 1 more

  • Employee Count
    Not available
  • Acquired by
    Lilly

    (May 20, 2026)

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Products & Services of Engage Bio

Engage Bio offers a comprehensive portfolio of products and services, including Tethosomes.

Product name locked
Category locked
Primary

Delivers therapeutic DNA with enhanced expression and reduced toxicity.

People of Engage Bio

Headcount 1-10
Employee Profiles 4
Employee Profiles
People
Ben Hawley
Senior Scientist
People
Will Olsen
Co-Founder & CEO
People
Vaasu Patel
Researcher

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Funding Insights of Engage Bio

Engage Bio has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Engage Bio

Engage Bio has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Lilly and Y Combinator.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Early-stage startups are accelerated via funding and educational programs.
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Traditional pharmaceutical medicines are developed for multiple health fields.
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Investor details for Engage Bio

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Investments & Acquisitions by Engage Bio

Investments
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Investment portfolio details for Engage Bio

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Financial Statements - Engage Bio

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Detailed financials for Engage Bio

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Engage Bio Comparisons

Engage Bio Primary company
Description
Developer of immunotherapies for the treatment of cancer
Location
Santa Clara, United States
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Engage Bio

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Competitors of Engage Bio

Engage Bio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moderna, Strand Therapeutics, Immorna, ReviR Therapeutics and Abogen Biosciences, among others.

Company Name Domain Founded year HQ Location Description
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mRNA-based therapeutics for diseases including cancer and infections are developed.
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mRNA therapeutics platform is provided for multi-functional treatments.
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mRNA-based therapeutics for cancer and diseases are developed.
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RNA-based therapeutics for multiple diseases are developed using machine learning.
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mRNA-based therapeutics are developed for cancer and infectious diseases.
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Small molecule drugs are developed for cancer and inflammatory diseases.
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Detailed competitors of Engage Bio

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Latest news on Engage Bio

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Complete news archive for Engage Bio

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Frequently Asked Questions about Engage Bio

Engage Bio was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Engage Bio is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.

Engage Bio is a funded company, having raised a total of $125K across 1 funding round to date.

Engage Bio was founded in 2021 and is headquartered in Santa Clara, United States. The company operates in the biotechnology sector, where mRNA-based drugs are developed as immunotherapies. These therapies are designed to redirect the immune system toward cancer targets. Focus is placed on advancing treatments for various cancers through immune engagement mechanisms. Co-founders include Kathryn Strobel Kwant and Will Olsen.

Engage Bio's top competitors include Moderna, Strand Therapeutics and Immorna.

Engage Bio offers Tethosomes.

Engage Bio has 2 investors. Key investors include Lilly, and Y Combinator.

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