Funding round
Synthego Series E
Synthego, which works in CRISPR solutions development in Redwood City, raised $200M in a Series E round announced on 17 Feb 2022, led by Perceptive Advisors. 10 firms took part, 3 of them already investors. It is Synthego's fourth venture round on record; the one before was a Series D in Aug 2020.
$200M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Synthego did not disclose a valuation in this round; its last disclosed one was $487M at the Series D (Aug 2020). It came 18 months after Synthego's Series D. It is 44% of the $452M Synthego has raised in the venture rounds on record. No later venture round is on record for Synthego.
Synthego's funding rounds
Synthego has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Perceptive Advisors led the round with 9 other firms. Wellington Management, RA Capital and Moore Strategic Ventures had backed Synthego before.
Lead investor
- backs 47 venture-backed companies new investor
Also in the round
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Laurion Capital Management new investor
- backs 16 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- Chimera Abu Dhabi new investor
- Wellington Management existing investor
- backs 109 venture-backed companies existing investor
- Moore Strategic Ventures 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
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Flexport Trucking and Logistics | 7 Feb 2022 | $935M | $8.00B | Andreessen Horowitz and BDT & MSD Partners |
| Weee! Groceries | 28 Feb 2022 | $425M | $4.10B | SoftBank Vision Fund |
| Uniphore Tech Companies | 16 Feb 2022 | $400M | $2.50B | New Enterprise Associates |
| ElasticRun Warehousing & Storage | 17 Feb 2022 | $330M | $1.50B | SoftBank Vision Fund and Goldman Sachs Asset Management |
| Somatus Home Health Care | 23 Feb 2022 | $325M | $2.50B | Wellington Management Company |
| General Retail & Merchandise | 17 Feb 2022 | $45M | $1.70B | Abu Dhabi Investment Authority |
| Groceries Delivery | 17 Mar 2022 | $768M | $11.80B | Mubadala |
| Fireblocks Software Development Services | 27 Jan 2022 | $550M | $8.00B | D1 Capital Partners and Spark Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Synthego raise in its Series E round?
Synthego raised $200M in its Series E round, announced in Feb 2022.
Who led Synthego's Series E round?
Perceptive Advisors led it, with SoftBank Vision Fund, Declaration Partners, Laurion Capital Management, Logos Capital and Gigafund and 4 more.
What was Synthego's valuation at the Series E round?
It was not disclosed; its last disclosed one was $487M at the Series D (Aug 2020).