Alnylam Pharmaceuticals
Alnylam Pharmaceuticals Raises $360M in Convertible Note
Quick Facts
Alnylam Pharmaceuticals Raises $360M in Convertible Note
Alnylam Pharmaceuticals has successfully raised $360M in a Convertible Note at a $25B valuation led by Millennium Partners, Polaris Partners, Temasek Holdings.
Company Overview
Alnylam Pharmaceuticals is a Biotech company headquartered in 675 West Kendall Street, Cambridge, MA 02142, founded in 2002 with 2000+ employees.
RNAi therapeutics
Fundraising Details
- Amount Raised: $360M
- Round Type: Convertible Note
- Valuation: $25B
- Date: 2024-05-12
- Investors: Millennium Partners, Polaris Partners, Temasek Holdings
About Alnylam Pharmaceuticals
RNAi therapeutics The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 675 West Kendall Street, Cambridge, MA 02142
- Founded: 2002
- Team Size: 2000+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Alnylam Pharmaceuticals'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. Alnylam Pharmaceuticals's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $25B valuation marks an important milestone for Alnylam Pharmaceuticals, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Alnylam Pharmaceuticals 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 2024-05-12. For more information about Alnylam Pharmaceuticals, visit their headquarters at 675 West Kendall Street, Cambridge, MA 02142.
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