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Biossil

Biossil is a Toronto AI-native drug developer that uses AI to find, acquire and revive promising molecules which failed late-stage clinical trials, aiming to bring them to market while skipping years of earlier-stage work. It exited stealth in 2026 with about US$70M from backers including OpenAI and Founders Fund.

~US$70Mraised at stealth exit (2026)BetaKit 2026-04-23 β†—
US$100M+Valuation at the April 2026 stealth exit; US$68.7M raised across a CAD$3.7M seed (2023), a US$22M Series A (2024, Founders Fund) and a US$43M Series B (fall 2024, Founders Fund + OpenAI)The Globe and Mail, 2026-04-20 β†—
up to US$105MGalera Therapeutics' dismutase mimetics portfolio (avasopasem, rucosopasem) acquired - US$3.5M upfront plus milestones and CVRs; avasopasem carries FDA Fast Track and Breakthrough Therapy designationsGalera Therapeutics press release, 2025-10-22 β†—

The people

Anthony MouchantafCo-founder & CEO Β· 1 TechTO talk
AM
Alexander MosaCo-founder & Chief Scientific Officerprofile coming

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Working at Biossil

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On the TechTO stage

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About

Founded in 2023 by Anthony Mouchantaf and Dr. Alexander Mosa, Biossil pairs AI with real-world drug development: it identifies molecules it believes were prematurely shelved, acquires or licenses them, and runs its own clinical trials. Its programs span sickle cell disease, idiopathic pulmonary fibrosis, glioblastoma, breast cancer and Alzheimer's. The company is headquartered in Toronto with a presence in the Boston area.

Backers

OpenAI, Founders Fund, Golden Ventures, Panache Ventures, Modern Capital, DRI Healthcare, 137 Ventures, Quiet Capital, Staircase Ventures

More from TechTO Γ—3

Quick answers

What does Biossil do?

It uses AI to identify drug molecules that failed late-stage trials, acquires or licenses them, and re-develops them through its own clinical trials β€” betting that some were shelved for reasons other than the science.

Who backs Biossil?

It raised about US$70M by its 2026 stealth exit, with investors including OpenAI and Peter Thiel's Founders Fund, alongside Golden Ventures, Panache Ventures, DRI Healthcare and others.

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Maintained by TechTO Β· facts sourced and dated Β· last reviewed Jul 20, 2026