Fundz

Trial Spark reported raising $372 Million in an initial SEC Form D filing, from an offering of $512 Million

PRIVATEJul 02, 2024$372.2M of $512M raised

Amount Raised

$372 Million

$372 Million sold, per SEC Form D (first sale May 21, 2024)

Round Type

Venture

New YorkBiotechnologyHealth CareArtificial IntelligencePharmaceutical

Quick answer

Formation Bio raised $372 Million in a funding round, dated May 21, 2024. Formation Bio is based in New York, New York, United States.

How much did Formation Bio raise?
Formation Bio raised $372 Million in a funding round on May 21, 2024.
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.
  • Virpax Pharmaceuticals raised $2.5M on July 5, 2024.
  • N-Power Medicine raised $72M (Series B) on July 1, 2024.
  • Phlow raised $5M on June 28, 2024.
  • CASI Pharmaceuticals raised $15M (Post-IPO Equity) on June 26, 2024.
  • CASI Pharmaceuticals raised $15M on June 26, 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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Company Information

Company

Formation Bio

Location

New York, New York, United States

About

TrialSpark, a tech-driven drug developer with a portfolio of clinical stage drug assets, is rebranding to Formation Bio. Formation Bio is a tech-driven pharmaceutical company differentiated by radically more efficient drug development. Formation Bio has built a technology platform that optimizes critical aspects of clinical drug development, enabling more efficient trial design, faster trial completion, and higher quality trial data. The company acquires clinical-stage drugs from pharmaceutical and biotech companies with the goal to develop them faster in order to accelerate access to new treatments for patients, and to unlock greater value per program.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Formation Bio raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsEmily G., VP, Talent hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Formation Bio's next move

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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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.