About SQZBiotech
SQZBiotech is a company based in Boston (United States) founded in 2013 was acquired by Stem Cell Technologies in February 2024.. SQZBiotech has raised $167.41 million across 16 funding rounds from investors including Boeing, Stem Cell Technologies and HHS. SQZBiotech operates in a competitive market with competitors including Jazz Pharmaceuticals, C4 Therapeutics, Erasca, Revolution Medicines and MiRagen, among others.
- Headquarter Boston, United States
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sqz Biotechnologies Company
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Annual Revenue
$21.48 M-20.74as on Dec 31, 2022
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Net Profit
$-79.46 M-15.6as on Dec 31, 2022
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EBITDA
$-64.14 M-11.09as on Dec 31, 2022
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Total Equity Funding
$167.41 M (USD)
in 16 rounds
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Latest Funding Round
$2 M (USD), Grant
Mar 21, 2022
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Investors
Boeing
& 21 more
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Employee Count
Employee Count
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Acquired by
Stem Cell Technologies
(Feb 29, 2024)
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IPO & Listings of SQZBiotech
SQZBiotech is a publicly listed company on the OTC with ticker symbol SQZB in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of SQZBiotech
SQZBiotech has successfully raised a total of $167.41M across 16 strategic funding rounds. The most recent funding activity was a Grant round of $2 million 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.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Grant — $2.0M
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First Round
First Round
(03 Apr 2014)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Grant - SQZBiotech | Valuation |
investors |
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| Mar, 2022 | Amount | Grant - SQZBiotech | Valuation |
investors |
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| May, 2020 | Amount | Series D - SQZBiotech | Valuation | Temasek |
| 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 SQZBiotech
SQZBiotech has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include Boeing, Stem Cell Technologies and HHS. 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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Long-term private equity investments in transformational opportunities are pursued.
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Founded Year | Domain | Location | |
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Health tech startups are invested in by Illumina Ventures.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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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 SQZBiotech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - SQZBiotech
| 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 |
Sqzbiotech Comparisons
Competitors of SQZBiotech
SQZBiotech 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 Jazz Pharmaceuticals, C4 Therapeutics, Erasca, Revolution Medicines and MiRagen, 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 |
Novel biopharmaceutical medicines are developed for unmet medical needs.
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| domain | founded_year | HQ Location |
Small-molecule drugs for cancer treatment are developed via Degronimid platform.
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| domain | founded_year | HQ Location |
Small molecule therapeutics for cancer treatment are developed.
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| domain | founded_year | HQ Location |
Cancer therapies are developed using selective pathway inhibitors.
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| domain | founded_year | HQ Location |
MicroRNA-based therapeutics are developed for treating multiple diseases.
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| domain | founded_year | HQ Location |
Therapeutics for cancer and rare diseases are developed.
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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 Sqzbiotech
Frequently Asked Questions about SQZBiotech
When was SQZBiotech founded?
SQZBiotech was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is SQZBiotech located?
SQZBiotech is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is SQZBiotech a funded company?
SQZBiotech is a funded company, having raised a total of $167.41M across 16 funding rounds to date. The company's 1st funding round was a Series D of $66.25M, raised on Apr 03, 2014.
What is the annual revenue of SQZBiotech?
Annual revenue of SQZBiotech is $21.48M as on Dec 31, 2022.
What does SQZBiotech do?
SQZBiotech was founded in 2013 and is based in Boston, United States. Operations focus on the biotechnology sector, where cell therapies are engineered to address oncology, autoimmune, and infectious diseases. Proprietary Cell Squeeze technology is employed to insert biological materials into diverse cell types, enabling therapeutic applications. A pipeline of treatments is maintained across these disease areas.
Who are the top competitors of SQZBiotech?
SQZBiotech's top competitors include Jazz Pharmaceuticals, C4 Therapeutics and Erasca.
Is SQZBiotech publicly traded?
Yes, SQZBiotech is publicly traded on OTC under the ticker symbol SQZB.
Who are SQZBiotech's investors?
SQZBiotech has 22 investors. Key investors include Boeing, Stem Cell Technologies, HHS, Temasek, and National Institute of General Medical Sciences.
What is SQZBiotech's ticker symbol?
The ticker symbol of SQZBiotech is SQZB on OTC.
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