Funding round
LifeMine Seed
LifeMine, which works in top-down drug discovery services in Cambridge, raised $5.0M in a Seed round announced on 12 Jan 2016, led by WuXi Healthcare Ventures. 1 firm took part. It is LifeMine's first venture round on record.
$5.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
LifeMine did not disclose a valuation in this round. It is under 1% of the $623M LifeMine has raised in the venture rounds on record. LifeMine raised again 20 months later: a Series A round of $55M in Sep 2017.
LifeMine's funding rounds
LifeMine has 6 venture rounds on record. This one is highlighted.
- Seed this round 12 Jan 2016, led by WuXi Healthcare Ventures $5.0M
- Series A 18 Sep 2017, led by WuXi Healthcare Ventures $55M
- Series B 8 Jan 2021, led by Milky Way Investments $50M
- Series C 23 Mar 2022, led by Fidelity Management & Research Company $175M
- Series D 6 Aug 2026, led by Milky Way Investments $75M
- Series E 7 Aug 2026, led by Milky Way Investments $263M
Investors
Who put money in
WuXi Healthcare Ventures led the round.
Lead investor
- WuXi Healthcare Ventures new investor
Comparable rounds
How it compares
10 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $2.8M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Biotechnology:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 1 Jan 2016 | $2.5M | not disclosed | LF Investment |
| Biotechnology | 28 Oct 2015 | $4.0M | not disclosed | not named |
| Biotechnology | 3 Aug 2016 | $3.0M | not disclosed | DCVC |
| Biotechnology | 7 Apr 2015 | $3.7M | not disclosed | not named |
| Biotechnology | 22 Dec 2016 | $1.0M | not disclosed | not named |
| Biotechnology | 10 Feb 2015 | $566K | not disclosed | not named |
| Biotechnology | 1 Jan 2015 | $5.0M | not disclosed | True Ventures |
| Biotechnology | 1 Jan 2015 | $3.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did LifeMine raise in its Seed round?
LifeMine raised $5.0M in its Seed round, announced in Jan 2016.
Who led LifeMine's Seed round?
WuXi Healthcare Ventures led it.
What was LifeMine's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Biotechnology?
10 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $2.8M, and this round was 1.8 times the median.
Did LifeMine raise again after this round?
Yes: a Series A round in Sep 2017 of $55M.