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Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing to Advance Enzymatic DNA Synthesis toward Initial Commercial Access
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Amgen drops $55M upfront for Rodeo Therapeutics and its prostaglandin blockers
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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.
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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