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Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing to Advance Enzymatic DNA Synthesis toward Initial Commercial Access

Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing to Advance Enzymatic DNA Synthesis toward Initial Commercial Access
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Gencove - AlleyWatch

AlleyWatch Gencove New York-based Gencove’s low-pass sequencing platforms delivers whole genome discovery at the cost of genotyping arrays. Founded by Joe Pickrell, Kaja Wasik, and Tomaz Berisa in 2015, Gencove is backed by investors that include Alexandria Venture Investments, Balaji Srinivasan, Refactor Capital, SV Angel, and Version One Ventures. FOUNDED:2015 FOUNDERS:Joe Pickrell, Kaja Wasik, Tomaz Berisa

insitro s AI drug discovery platform pulls another $400M from investors

Share insitro, an artificial intelligence drug discovery startup, has added a $400 million Series C round to its already impressive fundraising haul. The financing is set to close during the first full week of April, according to the company. Canadian Pension Plan Investment Board led the raise, which also included a laundry list of participants. These names include: Andreessen Horowitz, funds and accounts advised by T. Rowe Price Associates, Casdin Capital and funds and accounts managed by BlackRock, ARCH Venture Partners, Foresite Capital, GV, Third Rock Ventures, Two Sigma Ventures, HOF Capital, Alexandria Venture Investments, Temasek, Softbank Investment Advisors, one undisclosed leading global investment group, and an undisclosed market-leading payer-provider health system based in the U.S.

A blooming success: The rise of Humacyte from humble beginnings to $1 1B valuation

Key partnership with Fresenius Humacyte was founded in 2004, and the Biotechnology Center provided it a $150,000 Small Business Research Loan in 2006. Since then Humacyte has raised nearly $480 million, including a $150 million equity investment from Fresenius Medical Care, the world’s leading provider of products and services for patients with renal diseases and for surgical care centers. “Humacyte is a world-class regenerative medicine company developing bioengineered tissues to treat unmet medical needs,” said Vivian Doelling, Ph.D., NCBiotech’s vice president of Emerging Company Development. “The company has been a trailblazer in these advanced and readily available technologies. It’s one of the best examples of North Carolina-based ingenuity and medical advancement.”

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