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BioWorld - Thursday, September 28, 2023

Series C

Home » Topics » Private » Series C
  • Ai dollar sign
    Sep. 14, 2023
    By Karen Carey

    Flagship-backed Generate Bio pulls in $273M, one of 2023’s top VC rounds

    With one program in the clinic and another not far behind, Generate Biomedicines Inc. raised $273 million in a series C financing to advance its generative biology platform. It is one of the largest venture capital (VC) rounds for a U.S. company in 2023. Funds will go toward advancing the Somerville, Mass.-based company’s 17 pipeline programs, including the filing of multiple IND applications in 2024.
  • Sep. 5, 2023
    By Jennifer Boggs

    Promising Star formations draw investors in $90M oversubscribed series C

    Star Therapeutics Inc. brought on board six new investors in its oversubscribed $90 million series C round, raising the company’s total funding to more than $190 million since its founding in 2018 to advance in-house drug discovery efforts via formation of portfolio companies. Since emerging from stealth in early 2022, Star has launched two aptly named companies, Electra Therapeutics Inc. and Vega Therapeutics Inc., with plans to unveil additional ventures arising from its antibody discovery efforts.
  • Earth and iss
    Aug. 29, 2023
    By Marian (YoonJee) Chu

    Boryung invests $60M in Axiom for R&D station in space

    Seoul, South Korea-headquartered Boryung Co. Ltd. grabbed headlines in 2022 with its strategic redesign to move beyond drug development, announcing that it would invest $10 million in Axiom Space Inc. for a 0.4% stake in the U.S. commercial space station developer. The investment ramped up over the course of a year, with Boryung pouring a total of $60 million into Axiom Space over two financing rounds for a 2.7% stake. Axiom is set to build the world’s first commercial space station.
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