# AdvanCell funding: rounds and investors

> AdvanCell has raised $438M across 3 rounds since 2025. Investors include Abingworth, Sanofi Ventures and Morningside Group. Every round with its source.

Source: https://millionrounds.com/company/advancell (Millionrounds; every figure on the page links to its filing or article)

Australia · [Series D startup](https://millionrounds.com/companies)

# Who invested in *AdvanCell*

3 rounds we have observed, with the 20 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Raised 4 months ago

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Funding summary Updated 5 Nov 2026

**$438M** raised across 3 rounds since 2025, from 4 sources

**$112M** Series C **$11M** Grant **$315M** Series D

- **Latest round:** Series D, $315M Jul 2026
- **Led by:** Ally Bridge Group and Alpha Wave
- **Step-up i:** 27.9×
- **Investors:** 20 (6 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$112M** Series C

**$11M** Grant

**$315M** Series D

- **First round:** Series C, $112M
- **Biggest round:** $315M
- **Usual gap between rounds:** 15 months

## The rounds

- **Jul 2026** Series D **$315M** *11 new* *6 returning* [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) Lead [Alpha Wave](https://millionrounds.com/fund/alpha-wave) Lead [Fidelity](https://millionrounds.com/fund/fidelity) [Morningside Group](https://millionrounds.com/fund/morningside) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) [Abingworth](https://millionrounds.com/fund/abingworth) [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) [SV Health Investors](https://millionrounds.com/fund/sv-health-investors) [Bain Capital](https://millionrounds.com/fund/bain-capital) [Bain Capital Life Sciences](https://millionrounds.com/fund/bain-capital-life-sciences) [Brandon Capital](https://millionrounds.com/fund/brandon-capital) [Sanofi Ventures](https://millionrounds.com/fund/sanofi-ventures) [Eventide Asset Management](https://millionrounds.com/fund/eventide-asset-management) [Tenmile](https://millionrounds.com/fund/tenmile) [Velosity Capital](https://millionrounds.com/fund/velosity-capital) Reported by QRM Capital and 1 other SEC filing: $218M sold
- **Apr 2025** Grant **$11M** *2 new* [Sanofi](https://millionrounds.com/fund/sanofi) [SV Health Investors](https://millionrounds.com/fund/sv-health-investors) Source recorded
- **Feb 2025** Series C **$112M** *7 new* [Abingworth](https://millionrounds.com/fund/abingworth) Lead [Sanofi Ventures](https://millionrounds.com/fund/sanofi-ventures) Lead [SymBiosis](https://millionrounds.com/fund/symbiosis) Lead [SV Health Investors](https://millionrounds.com/fund/sv-health-investors-2) Lead [Morningside Group](https://millionrounds.com/fund/morningside) [Brandon Capital](https://millionrounds.com/fund/brandon-capital) [Tenmile](https://millionrounds.com/fund/tenmile) Reported by Startup Daily

## Founders and team

From AdvanCell's own website: 16 on the team.

- **Philina Lee** Chief Executive Officer
- **Anna Karmann** Chief Medical Officer
- **Dayle Hogg** Chief Operating Officer (Consulting)
- **François Gaudet** Chief Technology Officer
- **Justyna Kelly** Chief Technology Officer
- **Matthew Vincent** Chief Scientific Officer
- **Sean Cassidy** Chief Operating Officer (Consulting)
- **Simon Puttick** Chief Isotope Development Officer
- **Andrew Kay** Chair
- **Andrew Lam** Director
- **Anthony Aiudi** Director
- **Bali Muralidhar** Director
- **Christopher Gagliardi** Director
- **Jamil Beg** Director
- **Kevin Cameron** Director
- **Nik Economopoulos** Director

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series C** 2025 **Grant** 2025 **Series D** 2026 [Abingworth](https://millionrounds.com/fund/abingworth) L [Sanofi Ventures](https://millionrounds.com/fund/sanofi-ventures) L [Morningside Group](https://millionrounds.com/fund/morningside) [SV Health Investors](https://millionrounds.com/fund/sv-health-investors) [Brandon Capital](https://millionrounds.com/fund/brandon-capital) [Tenmile](https://millionrounds.com/fund/tenmile) [Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) L [Alpha Wave](https://millionrounds.com/fund/alpha-wave) L [SymBiosis](https://millionrounds.com/fund/symbiosis) L [SV Health Investors](https://millionrounds.com/fund/sv-health-investors-2) L

## Everyone who backed them

[Abingworth](https://millionrounds.com/fund/abingworth) VC firm **2** rounds, led 1

[Sanofi Ventures](https://millionrounds.com/fund/sanofi-ventures) Corporate VC **2** rounds, led 1

[Morningside Group](https://millionrounds.com/fund/morningside) VC firm **2** rounds

[SV Health Investors](https://millionrounds.com/fund/sv-health-investors) VC firm **2** rounds

[Brandon Capital](https://millionrounds.com/fund/brandon-capital) VC firm **2** rounds

[Tenmile](https://millionrounds.com/fund/tenmile) VC firm **2** rounds

[Ally Bridge Group](https://millionrounds.com/fund/ally-bridge-group) Private equity **1** round, led 1

[Alpha Wave](https://millionrounds.com/fund/alpha-wave) Private equity **1** round, led 1

[SymBiosis](https://millionrounds.com/fund/symbiosis) VC firm **1** round, led 1

[SV Health Investors](https://millionrounds.com/fund/sv-health-investors-2) VC firm **1** round, led 1

[Fidelity](https://millionrounds.com/fund/fidelity) VC firm **1** round

[Eli Lilly](https://millionrounds.com/fund/eli-lilly) Corporate VC **1** round

[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round

[Catalio Capital Management](https://millionrounds.com/fund/catalio-capital-management) VC firm **1** round

[Sanofi](https://millionrounds.com/fund/sanofi) Investment firm **1** round

[Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Private equity **1** round

[Bain Capital](https://millionrounds.com/fund/bain-capital) Private equity **1** round

[Bain Capital Life Sciences](https://millionrounds.com/fund/bain-capital-life-sciences) Private equity **1** round

[Eventide Asset Management](https://millionrounds.com/fund/eventide-asset-management) Investment firm **1** round

[Velosity Capital](https://millionrounds.com/fund/velosity-capital) Growth equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=advancell).

## Quick answers about AdvanCell

### Who invested in AdvanCell?

AdvanCell's investors include Abingworth, Sanofi Ventures, Morningside Group, SV Health Investors and Brandon Capital, and 15 more on record. Ally Bridge Group led its latest round.

### How much has AdvanCell raised?

AdvanCell has raised $438M across 3 rounds since 2025.

### When did AdvanCell last raise?

AdvanCell's most recent round was a Series D of $315M in Jul 2026, led by Ally Bridge Group.

### What was AdvanCell's biggest round?

Its most recent round, $315M in Jul 2026, is also its largest on record.

### Who backed AdvanCell first?

AdvanCell's first round on record, in Feb 2025, was backed by Abingworth, Sanofi Ventures and SymBiosis and 4 others.

### What stage is AdvanCell at?

AdvanCell's latest named round is a Series D, in Jul 2026.

### Where is AdvanCell based?

AdvanCell is based in Australia.

### Who led AdvanCell's rounds?

Abingworth led the Series C in 2025; Ally Bridge Group led the Series D in 2026.

## Companies like AdvanCell

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