# PBS Biotech funding: rounds and investors

> PBS Biotech has raised $17M across 1 round since 2025. Investors include BroadOak Capital Partners and Avego Management. Every round with its source.

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

United States · [Growth startup](https://millionrounds.com/companies)

# Who invested in *PBS Biotech*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

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Funding summary Updated 31 Oct 2026

**$17M** raised across 1 round since 2025, from 1 source

- **Latest round:** Growth, $17M Jan 2025
- **Investors:** 2

See who backed them

## The rounds

- **Jan 2025** Growth **$17M** [BroadOak Capital Partners](https://millionrounds.com/fund/broadoak-capital-partners) [Avego Management](https://millionrounds.com/fund/avego) Reported by Avego Management SEC filing: $8.5M sold, first sale Sept 2024

## Founders and team

From PBS Biotech's own website: 3 on the team.

- **Martin Simonetti** Chief Executive Officer
- **Terrell Mathews** Chief Commercial Officer
- **Mark Schneider** Senior VP of Finance & Controller

## Everyone who backed them

[BroadOak Capital Partners](https://millionrounds.com/fund/broadoak-capital-partners) VC firm **1** round

[Avego Management](https://millionrounds.com/fund/avego) VC firm **1** round

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

## Quick answers about PBS Biotech

### Who invested in PBS Biotech?

PBS Biotech's investors include BroadOak Capital Partners and Avego Management.

### How much has PBS Biotech raised?

PBS Biotech has raised $17M across 1 round since 2025.

### When did PBS Biotech last raise?

PBS Biotech's most recent round was a Growth of $17M in Jan 2025.

### What was PBS Biotech's biggest round?

Its most recent round, $17M in Jan 2025, is also its largest on record.

### Who backed PBS Biotech first?

PBS Biotech's first round on record, in Jan 2025, was backed by BroadOak Capital Partners and Avego Management.

### What stage is PBS Biotech at?

PBS Biotech's latest named round is a Growth, in Jan 2025.

### Where is PBS Biotech based?

PBS Biotech is based in the United States.

## Companies like PBS Biotech

In the same sector, and raised in the last eighteen months.

[**Dren Bio** $375M · Oct 2026](https://millionrounds.com/company/dren-bio)[**Caravel Bio** $9.0M · Oct 2026](https://millionrounds.com/company/caravel-bio)[**DMC Biotechnologies** $19M · Oct 2026](https://millionrounds.com/company/dmc-biotechnologies)[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)

## Find investors like these

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