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Neion Bio closes oversubscribed $23M Series A - June 2026 Raptor platform turns chicken eggs into factories for monoclonal antibodies Multi-product biosimilar deal signed with a major global pharma Claims up to 100x lower capital cost vs. conventional bioreactors Founded 2024 - New York, NY - ~14 employees Neion Bio closes oversubscribed $23M Series A - June 2026 Raptor platform turns chicken eggs into factories for monoclonal antibodies Multi-product biosimilar deal signed with a major global pharma Claims up to 100x lower capital cost vs. conventional bioreactors Founded 2024 - New York, NY - ~14 employees
Company Profile Biotechnology Biomanufacturing
New York, USA  /  Founded 2024

Neion Bio

The startup rewiring how biologic medicine gets made - by turning the egg into a drug factory.

$23M
Series A / 2026
~14
Employees
Raptor
Core Platform
Up to 100x
Lower Capex Claim
Neion Bio logo
NEION BIO - the company's mark over its brand texture. Headquartered at 1230 York Avenue in Manhattan's biomedical corridor. Image: Neion Bio
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The Story

An egg walks into a bioreactor

Neion Bio is a New York biotechnology company that genetically engineers chicken eggs into factories for complex biologic drugs. Where the industry builds cathedral-scale plants of stainless-steel tanks, Neion is betting that biology already built a better bioreactor - and it fits in the palm of your hand.

The hardest part of a modern biologic drug is not discovering it. It is making it. Monoclonal antibodies - the workhorse molecules behind many of today's most important therapies - are large, delicate, and heavily sugar-coated proteins that are notoriously expensive to manufacture. The conventional route grows them in mammalian cell cultures inside enormous, capital-intensive facilities that can take years and hundreds of millions of dollars to build.

Neion Bio, founded in 2024 by Demetrios "Dimi" Kellari and Dr. Sam Levin, takes a different route. Its proprietary Raptor platform uses precision genetic engineering to restrict recombinant protein production to the egg itself, harnessing a system that evolution has spent millions of years optimizing to churn out complex proteins.

The company emerged from stealth in March 2026 - not with a slide deck, but with a signed commercial biosimilar partnership already in hand. Three months later it closed an oversubscribed $23 million Series A. For a company built around an idea that sounds, at first, like a joke, the money is following a serious thesis: cost is a design choice, and the bioreactor is due for a rethink.

2024
Founded
$34M
Seed + Series A raised
3
Biosimilars in first deal
10-100x
Lower carbon claim

Figures per company statements and press reports, March-June 2026. Total raised combines a ~$11M seed and a $23M Series A.

Millions of years of evolution have sculpted this system into an extremely prolific producer of complex proteins.
Dr. Sam Levin - Co-Founder & CTO, Neion Bio
The Technology

How the Raptor platform works

The pitch is simple to say and hard to build: engineer the bird so the drug is made inside the egg, then harvest it. The details are where the science lives.

1

Engineer

Precision genetic engineering programs the target protein - such as a monoclonal antibody - into the biology.

2

Restrict

Raptor confines recombinant protein production to the egg itself, keeping the system contained and consistent.

3

Produce

The egg's natural machinery makes complex, glycosylated proteins - within days, at low marginal cost.

4

Harvest

Proteins are collected and purified for use as biosimilars, medicines, reagents, or animal-health products.

Why eggs, in one chart

Illustrative comparison - directional, per company claims
Capital cost
~100x
Carbon footprint
10-100x
Time to produce
days
Local resilience
high
Orange bars: reduction vs. conventional cell-culture manufacturing. Navy bars: relative advantage claimed by Neion Bio. Not independently audited.
Products & Pipeline

What comes out of the egg

Platform

Raptor

The core genetic-engineering platform that turns eggs into bioreactors for complex glycosylated proteins.

Lead application

Biosimilars

Lower-cost versions of complex biologics, including monoclonal antibodies - the focus of the first pharma deal.

Pipeline

Innovative medicines

Novel therapeutic proteins developed natively on the egg-based platform.

Pipeline

Critical reagents

Research and industrial proteins produced at lower cost with a resilient, localizable supply.

Pipeline

Animal health

Biologics and proteins for the veterinary and animal-health market.

Model

B2B partnerships

Co-development and supply deals with upfront payments, milestones, and long-term profit sharing.

Who It Serves

The customers

Neion's customers are biopharmaceutical and animal-health companies that need to manufacture biologic drugs, biosimilars, and proteins - and would rather not spend years and hundreds of millions building a plant to do it.

As of mid-2026, one commercial partner is disclosed: a major global pharmaceutical company, in a deal covering up to three monoclonal antibody biosimilars. The agreement includes upfront payments, milestone-based compensation, and long-term profit sharing after commercialization.

The Difference

Why it stands apart

The dominant way to make biologics is mammalian cell culture in stainless-steel bioreactors, run by large contract manufacturers. It works, but it is expensive, slow to build, and centralized.

Egg-based production is not new - it has made vaccines for a century. Neion's twist is applying frontier genetic engineering to produce modern recombinant biologics in eggs, aiming for a manufacturing base that is cheaper, greener, and can run closer to where medicine is needed.

Cost is a design choice. Neion's wager is that the most basic assumption in biologics - the tank - is the one worth questioning.
The thesis, in short
The People

Founders & leadership

Co-Founder & CEO

Dimi Kellari

Demetrios Kellari trained as an aerospace engineer at MIT and worked at GoogleX and McKinsey before turning to biomanufacturing.

Co-Founder & CTO

Dr. Sam Levin

The scientific architect behind the Raptor platform and its approach to producing complex proteins in eggs.

Chief Scientific Officer

Dr. Sven Bocklandt

Leads the company's core scientific strategy across genome engineering and biology.

Head of Avian Sciences

Dr. James Kehler

Directs the avian biology at the heart of the platform.

President, Commercial Ops

Ming Li

Industry veteran leading Neion's commercial operations and partnerships.

Team

~14 people

A small, multidisciplinary group spanning engineering, molecular and avian biology, and commercial pharma.

The Money

Funding & backers

Two rounds in one year, both led by Caffeinated Capital, an early believer in the egg thesis.

RoundAmountDateLead & notable investors
Seed~$11MMar 2026Caffeinated Capital (lead), Basis Set Ventures, Haystack VC
Series A$23MJun 2026Caffeinated Capital (lead); new: Digitalis Ventures, Ensemble VC, Trust Ventures; follow-on: Haystack, Basis Set Ventures

The Series A was reported as oversubscribed. Valuation not disclosed.

Milestones

The timeline so far

2024

Neion Bio is founded

Dimi Kellari and Dr. Sam Levin start the company in New York to build an egg-based biomanufacturing platform.

March 2026

Out of stealth, with a partner

The Raptor platform is revealed alongside ~$11M in early financing and a multi-product biosimilar deal with a major pharma. Featured in The New York Times by Carl Zimmer.

June 2026

Oversubscribed $23M Series A

Neion closes its Series A to scale the platform and expand a pipeline spanning biosimilars, medicines, reagents, and animal health.

Worth Knowing

Five things that stick

Named for a dinosaur

The platform is called Raptor - a nod to the dinosaur ancestry of modern birds.

From rockets to reagents

The CEO trained in aerospace at MIT and passed through GoogleX before biotech.

Manhattan biotech

HQ sits at 1230 York Avenue, in the middle of New York's biomedical corridor.

Deal before debut

Neion left stealth with a signed pharma partnership already in place.

An old trick, updated

Eggs have made vaccines for a century - Neion applies genetic engineering to make modern biologics.

Times-worthy

The launch was covered in The New York Times by science writer Carl Zimmer.

Watch & Read

Interviews, demos & coverage

Neion Bio does not currently publish a dedicated product-demo video channel. The links below point to the company's own media page and published interviews and coverage - the best available primary sources.

Questions

Frequently asked

What does Neion Bio do?

Neion Bio uses genetic engineering to turn chicken eggs into factories for complex biologic drugs, such as monoclonal antibodies, through its proprietary Raptor platform.

Who founded Neion Bio?

It was founded in 2024 by Demetrios (Dimi) Kellari, Co-Founder & CEO, and Dr. Sam Levin, Co-Founder & CTO, and is based in New York.

How much funding has it raised?

Roughly $11 million in early financing in March 2026, followed by an oversubscribed $23 million Series A in June 2026, both led by Caffeinated Capital.

Why eggs?

Eggs are a naturally prolific system for producing complex, glycosylated proteins. Neion says the approach can lower capital costs up to 100x and cut manufacturing carbon footprint 10-100x versus conventional bioreactors.

What is the Raptor platform?

Raptor is Neion's genetic-engineering platform that restricts recombinant protein production to the egg itself, enabling scalable, low-cost manufacturing of biologics and biosimilars.

Connect

Find Neion Bio

biotechnologybiomanufacturingbiologicsbiosimilarsgenetic-engineeringmonoclonal-antibodiesegg-based-productionraptor-platformnew-york-biotechdomestic-supply-chain