Third Rock Ventures builds biotech companies from scratch around a scientific idea, then funds and staffs them. Several of the best-known precision oncology companies of the last fifteen years started in its offices.
Third Rock Ventures is a Boston venture firm whose model is company creation: partners incubate a concept, assemble founding scientists and an interim management team, and fund the company through its first years before it raises from others or lists. Oncology has been a central theme since the firm's founding in 2007, with companies built around genomic profiling, kinase inhibitors, cancer metabolism, synthetic lethality and targeted immunotherapies, and a habit of pairing a therapeutic platform with a diagnostic rationale. Its portfolio pages list current and former companies; portfolio links in OnCo are derived from the startup records that name Third Rock as an investor.
| Company | Stage | Type | Cancers | Latest round |
|---|---|---|---|---|
| Asher Biotherapeutics South San Francisco, CA, US · YC S19 | Growth stage | biotech | Renal cell carcinomaMelanoma | none on record |
| Azalea Therapeutics Berkeley, CA, US | Startup | cell therapy | Multiple myeloma | Seed and Series A 2025, $82M |
| Clasp Therapeutics Cambridge, MA, US | Startup | biotech | Series A 2024, $150M | |
| MOMA Therapeutics Cambridge, MA, US | Growth stage | biotech | Mismatch-repair deficient (MSI-high) colorectal cancerMismatch-repair-deficient endometrial cancer | Series B 2022, $150M |
| Synnovation Therapeutics Wilmington, DE, US | Startup | biotech | Pancreatic ductal adenocarcinomaHR-positive / HER2-negative breast cancer | Series A 2024, $102M |
| Terremoto Biosciences South San Francisco, CA, US | Growth stage | biotech | HR-positive / HER2-negative breast cancerEndometrial cancerOvarian cancerSquamous cell carcinoma of the lungHead and neck squamous cell carcinomaOesophageal squamous cell carcinomaCervical cancer | Series C 2026, $108M |
Shares MOMA Therapeutics, Synnovation Therapeutics, Terremoto Biosciences and the tag vc.
Shares Clasp Therapeutics, Terremoto Biosciences and the tag vc.
Shares MOMA Therapeutics and the tag vc.
Shares Azalea Therapeutics, Terremoto Biosciences and the tag vc.
Shares MOMA Therapeutics and the tag vc.
Shares Terremoto Biosciences and the tag vc.
Shares Clasp Therapeutics, MOMA Therapeutics.
Every source this page cites, grouped by who published it. Grouping is read from the web address, not assigned by hand.
A source that has moved or gone is reported by the weekly link check. /audit/