Obsidian Therapeutics
Obsidian Therapeutics Raises $160.5M in Series C
Quick Facts
Obsidian Therapeutics Raises $160.5M in Series C
Obsidian Therapeutics has successfully raised $160.5M in a Series C at a $750M valuation led by New Enterprise Associates, Vida Ventures.
Company Overview
Obsidian Therapeutics is a Biotech company headquartered in Cambridge, MA, founded in 2014 with 100+ employees.
Clinical-stage biotech developing cell and gene therapies for cancer
Fundraising Details
- Amount Raised: $160.5M
- Round Type: Series C
- Valuation: $750M
- Date: 2024-04-12
- Investors: New Enterprise Associates, Vida Ventures
About Obsidian Therapeutics
Clinical-stage biotech developing cell and gene therapies for cancer The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Cambridge, MA
- Founded: 2014
- Team Size: 100+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Obsidian Therapeutics'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. Obsidian Therapeutics's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $750M valuation marks an important milestone for Obsidian Therapeutics, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Obsidian Therapeutics 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 2024-04-12. For more information about Obsidian Therapeutics, visit their headquarters at Cambridge, MA.
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