Funding round
Peptone Series A
Peptone, which works in small-molecule therapeutics design and development in Bellinzona, raised $40M in a Series A round announced on 9 Jun 2022, led by F-Prime Capital and Bessemer Venture Partners. 5 firms took part, 2 of them already investors. It is Peptone's second venture round on record; the one before was a Seed in Jan 2021.
$40M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Peptone did not disclose a valuation in this round. It came 17 months after Peptone's Seed. It is 94% of the $43M Peptone has raised in the venture rounds on record. No later venture round is on record for Peptone.
Peptone's funding rounds
Peptone has 2 venture rounds on record. This one is highlighted.
- Seed 8 Jan 2021, led by Hoxton Ventures $2.5M
- Series A this round 9 Jun 2022, led by F-Prime Capital and Bessemer Venture Partners $40M
Investors
Who put money in
F-Prime Capital and Bessemer Venture Partners led the round with 3 other firms. Hoxton Ventures and dRX Capital had backed Peptone before.
Lead investors
- F-Prime Capital new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
Also in the round
- backs 25 venture-backed companies new investor
- Hoxton Ventures backs 50 venture-backed companies existing investor
- dRX Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
218 Series A rounds in Biotechnology within a year either side disclosed an amount; the median was $29M, and this round was 1.4 times the median. The closest in time, other companies' Series A rounds in Biotechnology:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 7 Jun 2022 | $75M | not disclosed | Northpond Ventures |
| Biotechnology | 23 Jun 2022 | $70M | not disclosed | Longwood Fund and Alta Partners |
| Biotechnology | 20 Jun 2022 | $42M | not disclosed | MSA Capital |
| Biotechnology | 1 Jun 2022 | $40M | not disclosed | Decheng Capital |
| Biotechnology | 8 Jun 2022 | $32M | not disclosed | PKA pension fund |
| Biotechnology | 1 Jun 2022 | $15M | not disclosed | HG Initiative |
| Biotechnology | 13 Jun 2022 | $12M | not disclosed | not named |
| Biotechnology | 14 Jun 2022 | $11M | not disclosed | Vulcan Capital Management |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Peptone raise in its Series A round?
Peptone raised $40M in its Series A round, announced in Jun 2022.
Who led Peptone's Series A round?
F-Prime Capital and Bessemer Venture Partners led it, with Walden Catalyst, Hoxton Ventures and dRX Capital.
What was Peptone's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Biotechnology?
218 Series A rounds in Biotechnology within a year either side disclosed an amount; the median was $29M, and this round was 1.4 times the median.