Formation Bio reposted this
Today we announced our $372MM Series D financing, led by Andreessen Horowitz with major participation from Sanofi. Existing investors also joined this round, including Sequoia Capital, Thrive Capital, Lachy Groom, and Emerson Collective, along with new investors SV Angel Growth and FPV Ventures and others. At Formation Bio, we are building the pharma company of the future, where human expertise and AI collaborate seamlessly to make drug development and clinical trials dramatically more efficient. As AI accelerates drug discovery, generating more promising candidate drugs than ever before, we believe the most consequential bottleneck to bringing more medicines to patients is the staggering cost and time needed for drug development and clinical trials. By designing and developing AI specifically tailored for drug development, we can increase the total number of candidate drugs that can progress through development, and ultimately deliver more new treatments to patients faster and more efficiently. We are proud to partner with best-in-class investors and advisors from both pharma and tech backgrounds along the way. Read more here: https://lnkd.in/et6uKzGV #pharma #biotech #funding #fundraise #tech #ai #drugdevelopment
Congrats to the entire Formation Bio team! Your dedication to revolutionizing the pharma industry is inspiring - we're excited for what's next! 🚀 🚀
Congratulations - love the growth, vision and mission!
Nice haul Formation Bio 👏👏👏
Remarkable achievement 🚀
Impressive growth! Congratulations on this huge achievement
Let's go!!!!
Well done!
Awesome progress since we last met, Benjamin. Congratulations!!
Founder @ The Chainsmokers + Mantis Venture Capital
3moProud investor and friend