Funding round
Peptone Seed
Peptone, which works in small-molecule therapeutics design and development in Bellinzona, raised $2.5M in a Seed round announced on 8 Jan 2021, led by Hoxton Ventures. 2 firms took part. It is Peptone's first venture round on record.
$2.5M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Peptone did not disclose a valuation in this round. It is Peptone's first venture round on record, 3 years after it was founded in 2018. It is 5.9% of the $43M Peptone has raised in the venture rounds on record. Peptone raised again 17 months later: a Series A round of $40M in Jun 2022.
Peptone's funding rounds
Peptone has 2 venture rounds on record. This one is highlighted.
- Seed this round 8 Jan 2021, led by Hoxton Ventures $2.5M
- Series A 9 Jun 2022, led by F-Prime Capital and Bessemer Venture Partners $40M
Investors
Who put money in
Hoxton Ventures led the round with 1 other firm.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- dRX Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
117 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $4.2M, and this round was 60% of the median. The closest in time, other companies' Seed rounds in Biotechnology:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 27 Jan 2021 | $13M | not disclosed | Polaris Partners and Arkin Capital |
| Biotechnology | 19 Jan 2021 | $6.2M | not disclosed | AMP Squared Capital Partners |
| Biotechnology | 8 Jan 2021 | undisclosed | not disclosed | not named |
| Biotechnology | 1 Jan 2021 | undisclosed | not disclosed | not named |
| Biotechnology | 1 Feb 2021 | $16M | not disclosed | The Engine and Khosla Ventures |
| Biotechnology | 26 Feb 2021 | $6.9M | not disclosed | not named |
| Biotechnology | 1 Dec 2020 | $6.0M | not disclosed | not named |
| Biotechnology | 7 Dec 2020 | $5.4M | not disclosed | Rev1 Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Peptone raise in its Seed round?
Peptone raised $2.5M in its Seed round, announced in Jan 2021.
Who led Peptone's Seed round?
Hoxton Ventures led it, with dRX Capital.
What was Peptone's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Biotechnology?
117 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $4.2M, and this round was 60% of the median.
Did Peptone raise again after this round?
Yes: a Series A round in Jun 2022 of $40M.