AbCellera Raises $555M in Series B

AbCellera has successfully raised $555M in a Series B at a $5.7B valuation led by Peter Thiel, Eli Lilly, Fast Forward Innovations, DCVC Bio.

Company Overview

AbCellera is a Biotech company headquartered in 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3, Canada, founded in 2012 with 400+ employees.

Antibody discovery platform

Fundraising Details

Amount Raised: $555M
Round Type: Series B
Valuation: $5.7B
Date: 2024-06-12
Investors: Peter Thiel, Eli Lilly, Fast Forward Innovations, DCVC Bio

About AbCellera

Antibody discovery platform The company is positioned in the Biotech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3, Canada
Founded: 2012
Team Size: 400+
Industry: Biotech

What This Means

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

Valuation Milestone

Reaching a $5.7B valuation marks an important milestone for AbCellera, positioning the company among notable players in the Biotech industry.

Looking Ahead

With this new capital, AbCellera 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 2024-06-12. For more information about AbCellera, visit their headquarters at 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3, Canada.