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Ten investors take part in Foundation Medicine's $42.5mm Series B round; money added
15 Dec 2015
Executive Summary
A year after capping off its Series A round at $33.5mm, Foundation Medicine Inc. (developed the FoundationOne genome analysis profiling system for personalized cancer treatment decision-making) has brought in an impressive $42.5mm through its Series B round. Returning investors Third Rock Ventures, Google Ventures, and Kleiner Perkins Caufield & Byers were joined by new buyers Deerfield Management, Casdin Capital, Redmile Group, Roche Venture Fund, and WuXi Corporate Venture Fund. Two undisclosed backers (a fund and a strategic investor) also participated.
Deal Industry
- In Vitro Diagnostics
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In Vitro Diagnostics
- Molecular Diagnostics & Genetic Testing
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Biotechnology
- Pharmacogenetics-Pharmacogenomics
Deal Status
- Final
Deal Type
-
Financing
- Venture Financing
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