Funding round
Nimbus Therapeutics Seed
Nimbus Therapeutics, which works in precision small molecule drug discovery in Boston, raised $1.5M in a Seed round announced on 1 Mar 2011. 1 firm took part, 1 of them already investors, with 1 individual investor. It is Nimbus Therapeutics' first venture round on record.
$1.5M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Nimbus Therapeutics did not disclose a valuation in this round. It is Nimbus Therapeutics' first venture round on record, 2 years after it was founded in 2009. It is under 1% of the $569M Nimbus Therapeutics has raised in the venture rounds on record. Nimbus Therapeutics raised again 3 months later: a Series A round of $24M in Jun 2011.
Nimbus Therapeutics' funding rounds
Nimbus Therapeutics has 7 venture rounds on record. This one is highlighted.
- Seed this round 1 Mar 2011 $1.5M
- Series A 28 Jun 2011, led by Atlas Venture, SR One and Lilly Ventures $24M
- Series B 18 Mar 2015, led by Pfizer Venture Investments and Lightstone Ventures $43M
- Growth 14 Oct 2020, led by RA Capital $60M
- Growth 13 Jul 2021, led by BVF Partners L.P. $105M
- Growth 12 Sep 2022, led by Bain Capital Life Sciences and SV Health Investors $125M
- Growth 6 Sep 2023, led by GV, SR One and Atlas Venture $210M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 43 venture-backed companies existing investor
Individual investors: Bill Gates.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time, other companies' Seed rounds in Pharmaceutical Products:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 31 Oct 2010 | $1.0M | not disclosed | Navam Capital |
| Pharmaceutical Products | 31 Oct 2011 | $2.3M | not disclosed | not named |
| Pharmaceutical Products | 27 May 2010 | $536K | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Nimbus Therapeutics raise in its Seed round?
Nimbus Therapeutics raised $1.5M in its Seed round, announced in Mar 2011.
Which investors took part in Nimbus Therapeutics' Seed round?
Atlas Venture.
What was Nimbus Therapeutics' valuation at the Seed round?
It was not disclosed.
Did Nimbus Therapeutics raise again after this round?
Yes: a Series A round in Jun 2011 of $24M.