Funding round
Synthego Series C
Synthego, which works in CRISPR solutions development in Redwood City, raised $110M in a Series C round announced on 23 Oct 2018, led by Founders Fund. 3 firms took part, 2 of them already investors. It is Synthego's second venture round on record; the one before was a Series B in Jan 2017.
$110M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Synthego did not disclose a valuation in this round. It came 21 months after Synthego's Series B. It is 24% of the $452M Synthego has raised in the venture rounds on record. Synthego raised again 22 months later: a Series D round of $100M in Aug 2020, at $487M post-money.
Synthego's funding rounds
Synthego has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Founders Fund led the round with 2 other firms. 8VC and Menlo Ventures had backed Synthego before.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- 8VC existing investor
- Menlo Ventures backs 215 venture-backed companies existing investor
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
9 Series C rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $30M, and this round was 3.7 times the median. The closest in time, other companies' Series C rounds in Pharmaceutical Products:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 9 Oct 2018 | $40M | not disclosed | Lepu Medical |
| Pharmaceutical Products | 2 Nov 2018 | $19M | not disclosed | Forbion |
| Pharmaceutical Products | 3 Aug 2018 | $30M | not disclosed | Decheng Capital |
| Pharmaceutical Products | 19 Dec 2018 | $20M | not disclosed | Network-1 Technologies, Inc. |
| Pharmaceutical Products | 16 Jun 2018 | $65M | not disclosed | not named |
| Pharmaceutical Products | 1 Jun 2019 | $82M | not disclosed | EW Healthcare Partners |
| Rakuten Medical Pharmaceutical Products | 31 Jul 2019 | $100M | not disclosed | not named |
| Pharmaceutical Products | 19 Jul 2019 | $20M | not disclosed | Mehta Family Partners and Timur Artemev |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Synthego raise in its Series C round?
Synthego raised $110M in its Series C round, announced in Oct 2018.
Who led Synthego's Series C round?
Founders Fund led it, with 8VC and Menlo Ventures.
What was Synthego's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Pharmaceutical Products?
9 Series C rounds in Pharmaceutical Products within a year either side disclosed an amount; the median was $30M, and this round was 3.7 times the median.
Did Synthego raise again after this round?
Yes: a Series D round in Aug 2020 of $100M at $487M post-money.