Character Bio

Character Bio

Biopharmaceutical R&D using genetics-driven aging therapies

Overview

Clover Therapeutics focuses on developing medicines for aging-related diseases by integrating genetic data with longitudinal clinical records. It does this by forming multidisciplinary partnerships to collect and analyze clinical data, then using these insights to accelerate the creation of targeted medicines designed to treat specific aging-related conditions. The company differentiates itself through its data-driven collaboration model that combines genetics, clinical data, and healthcare workflow, including partnerships with biopharmaceuticals and its affiliation with Clover Health to curate valuable data. Its goal is to make clinical research a rigorous, ethical, and seamless part of healthcare, ultimately improving patient outcomes by delivering targeted therapies for aging-related diseases.

About Character Bio

Simplify's Rating
Why Character Bio is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Biotechnology

Healthcare

Company Size

11-50

Company Stage

Series B

Total Funding

$151.5M

Headquarters

Clifton, New Jersey

Founded

2019

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Simplify's Take

What believers are saying

  • Genentech partnership validates platform and accelerates ocular therapy development.
  • Clover Health affiliation provides proprietary clinical data for targeted medicines.
  • Expert leadership enhances success in polygenic aging disease drug discovery.

What critics are saying

  • Rebranded Character Biosciences raised $93M Series B, outpacing Clover's $1M revenue.
  • Genentech terminates collaboration after data access, sidelining Clover in 18-36 months.
  • 1-employee scale risks Clover Health shutdown amid cash burn in 12-24 months.

What makes Character Bio unique

  • Leverages Clover Health's longitudinal patient data for genetic subgroup identification.
  • Collaborates with Genentech on age-related eye diseases like dry AMD.
  • Led by Cheng Zhang from Pfizer and Marcel van der Brug from Genentech.

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Funding

Total Funding

$151.5M

Above

Industry Average

Funded Over

5 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

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Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

0%
intelligence360
Oct 7th, 2025
Character Biosciences Raises $19.65M Funding

Character Biosciences has filed a notice with the SEC for an exempt offering to raise $19.65 million in new funding. This filing is required under federal securities law for companies selling securities without registration under certain exemptions.

Ophthalmology Times
Sep 21st, 2025
Character Biosciences expands leadership team, secures additional Series B financing | Ophthalmology Times - Clinical Insights for Eye Specialists

Character Biosciences enhances its leadership team and secures $93 million in Series B funding to advance treatments for degenerative eye diseases.

VC News Daily
Sep 17th, 2025
Character Biosciences Secures $17M Series B

Character Biosciences, a precision medicine company, announced an expansion of its Series B financing with an additional $17 million.

CityBiz
Sep 17th, 2025
Character Biosciences Raises $110M, Expands Team

Character Biosciences announced the expansion of its leadership team with four senior appointments and an extension of its Series B financing, raising total capital to over $110 million. The funding, with participation from Sanofi Ventures and others, will advance the clinical development of CTX114 and CTX203 for geographic atrophy and age-related macular degeneration. New executives include Robert Kim, M.D., MBA as CMO, and Daniel Elgort, Ph.D. as Chief Data & Analytics Officer.

FinSMEs
Mar 25th, 2025
Character Biosciences Raises $93M in Series B Funding

Character Biosciences, a Jersey City, N.J.-based precision medicine company improving drug development for polygenic diseases, raised $93M in Series B funding

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