Locus Biosciences Raises $152M in Series C

Locus Biosciences has successfully raised $152M in a Series C at a $600M valuation led by Johnson & Johnson, Longitude Capital, Braeburn Capital, Domain Associates.

Company Overview

Locus Biosciences is a Biotech company headquartered in 9201 University City Boulevard, Charlotte, NC 28223, founded in 2015 with 150+ employees.

CRISPR-edited bacteriophages

Fundraising Details

Amount Raised: $152M
Round Type: Series C
Valuation: $600M
Date: 2024-02-16
Investors: Johnson & Johnson, Longitude Capital, Braeburn Capital, Domain Associates

About Locus Biosciences

CRISPR-edited bacteriophages The company is positioned in the Biotech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 9201 University City Boulevard, Charlotte, NC 28223
Founded: 2015
Team Size: 150+
Industry: Biotech

What This Means

This funding round demonstrates strong investor confidence in Locus Biosciences'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. Locus Biosciences's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $600M valuation marks an important milestone for Locus Biosciences, positioning the company among notable players in the Biotech industry.

Looking Ahead

With this new capital, Locus Biosciences 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.

This fundraising news was reported on 2024-02-16. For more information about Locus Biosciences, visit their headquarters at 9201 University City Boulevard, Charlotte, NC 28223.