Pivot Bio Raises $430M in Series D
Pivot Bio has successfully raised $430M in a Series D at a $2B valuation led by DCVC, Temasek.
Company Overview
Pivot Bio is a Biotech company headquartered in Berkeley, CA, founded in 2011 with 250+ employees.
Nitrogen-producing microbes for agriculture
Fundraising Details
- Amount Raised: $430M
- Round Type: Series D
- Valuation: $2B
- Date: 2021-06-29
- Investors: DCVC, Temasek
About Pivot Bio
Nitrogen-producing microbes for agriculture The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Berkeley, CA
- Founded: 2011
- Team Size: 250+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Pivot Bio's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Biotech sector continues to attract significant investment as companies innovate to meet evolving market demands. Pivot Bio's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Pivot Bio, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Pivot Bio is well-positioned to execute on its growth strategy and continue building innovative solutions in the Biotech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-06-29. For more information about Pivot Bio, visit their headquarters at Berkeley, CA.
