Formation Bio raised $372MM in a Series D funding led by a16z with participation from Sanofi and other investors
Amount Raised
$372 Million
Round Type
Series D
New YorkBiotechnologyHealth CareArtificial IntelligencePharmaceuticalInvestors
Description
Formation Bio, a tech-driven and AI-native pharma company, raised $372MM in a Series D financing round. The funding was led by a16z with significant participation from Sanofi, along with other existing and new investors. The company aims to use the funding to grow its drug pipeline and continue expanding its AI-driven drug development platform.
Quick answer
Formation Bio raised $372 Million in a Series D round, dated June 26, 2024. Investors: Andreessen Horowitz, Sequoia Capital, FPV Ventures, Sv Angel Growth, Lachy Groom, Emerson Collective, Thrive and Sanofi. Formation Bio is based in New York, New York, United States.
- How much did Formation Bio raise?
- Formation Bio raised $372 Million in a Series D round on June 26, 2024.
- Who invested in Formation Bio?
- Andreessen Horowitz, Sequoia Capital, FPV Ventures, Sv Angel Growth, Lachy Groom, Emerson Collective, Thrive and Sanofi are named as investors in this round.
- What does Formation Bio do?
- TrialSpark, a tech-driven drug developer with a portfolio of clinical stage drug assets, is rebranding to Formation Bio.
- Where is Formation Bio based and how big is it?
- Formation Bio is based in New York, New York, United States. Fundz records about 179 employees.
- Who are the decision-makers at Formation Bio?
- Fundz holds 2 contacts at Formation Bio, including the VP, Talent. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Pharmaceutical and Biotechnology around the same time
Companies in the same sectors as Formation Bio that raised within 45 days of this round, from Fundz verified event records.
- i'SUPPLY raised $2.5M (Pre-Series A) on June 11, 2024.
- clare&me raised $4M (Series A) on August 8, 2024.
- IDRx raised $120M (Series B) on August 7, 2024.
- Pictor Labs raised $21M on August 6, 2024.
- Meddenovo Drug Design raised $1.1M (Pre-Seed) on August 2, 2024.
- Healx raised $47M (Series C) on August 1, 2024.
Who to call at Formation Bio, and when
A new round usually means Formation Bio is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Formation Bio raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Formation Bio, from your own LinkedIn network
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Related People
Formation Bio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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