About Spindle Biotech
Spindle Biotech is a company based in Toronto (Canada) founded in 2016 was acquired by Applied DNA Sciences in July 2023.. Spindle Biotech has raised $250 thousand across 1 funding round from investors including Applied DNA Sciences and SOSV. The company has 4 employees as of December 31, 2024. Spindle Biotech operates in a competitive market with competitors including GSK, eGenesis, Avidity Biosciences, Sutro Biopharma and Antheia, among others.
- Headquarter Toronto, Canada
- Employees 4 as on 31 Dec, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 1 rounds
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Latest Funding Round
$250 K (USD), Seed
Jun 01, 2019
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Investors
Applied DNA Sciences
& 1 more
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Employee Count
4
as on Dec 31, 2024
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Acquired by
Applied DNA Sciences
(Jul 13, 2023)
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Funding Insights of Spindle Biotech
Spindle Biotech has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in June 2019. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $250,000
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First Round
First Round
(01 Jun 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - Spindle Biotech | Valuation | SOSV |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spindle Biotech
Spindle Biotech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Applied DNA Sciences and SOSV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Botanical-DNA-based security and authentication solutions are developed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spindle Biotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spindle Biotech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spindle Biotech Comparisons
Competitors of Spindle Biotech
Spindle Biotech 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 GSK, eGenesis, Avidity Biosciences, Sutro Biopharma and Antheia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of pharmaceuticals and vaccines for various therapeutic areas
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| domain | founded_year | HQ Location |
Gene transplantation platform for humanizing pig cells is developed.
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| domain | founded_year | HQ Location |
Antibody-siRNA complexes are developed for cancer treatment.
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| domain | founded_year | HQ Location |
Antibody-based therapeutics for cancer therapy are developed via cell-free synthesis.
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| domain | founded_year | HQ Location |
Yeast cells are genetically engineered to produce medicinal products.
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| domain | founded_year | HQ Location |
Developing novel drugs based on a proteome-wide ligand and target discovery platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spindle Biotech
Frequently Asked Questions about Spindle Biotech
When was Spindle Biotech founded?
Spindle Biotech was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Spindle Biotech located?
Spindle Biotech is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Spindle Biotech?
Aaron Chung is the current CEO of Spindle Biotech.
Is Spindle Biotech a funded company?
Spindle Biotech is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Jun 01, 2019.
How many employees does Spindle Biotech have?
As of Dec 31, 2024, the latest employee count at Spindle Biotech is 4.
What does Spindle Biotech do?
Spindle Biotech was founded in 2016 in Toronto, Canada, within the biotechnology sector. Tools for gene editing research are supplied, with synthetic RNA employed instead of plasmid DNA to reduce off-target effects through natural degradation after a defined period. CRISPR applications are supported via high-throughput approaches, including phenotypic screening that identifies required targets for research operations.
Who are the top competitors of Spindle Biotech?
Spindle Biotech's top competitors include Sutro Biopharma, Synthego and eGenesis.
Who are Spindle Biotech's investors?
Spindle Biotech has 2 investors. Key investors include Applied DNA Sciences, and SOSV.