Arcellx
Arcellx Raises $125M in Series C
Quick Facts
Arcellx Raises $125M in Series C
Arcellx has successfully raised $125M in a Series C at a $1.5B valuation led by Betta Pharmaceuticals, Ally Bridge Group, Frazier Healthcare Partners, EcoR1 Capital.
Company Overview
Arcellx is a Biotech company headquartered in 9000 Virginia Manor Road, Beltsville, MD 20705, founded in 2014 with 200+ employees.
Cell therapy company
Fundraising Details
- Amount Raised: $125M
- Round Type: Series C
- Valuation: $1.5B
- Date: 2024-06-08
- Investors: Betta Pharmaceuticals, Ally Bridge Group, Frazier Healthcare Partners, EcoR1 Capital
About Arcellx
Cell therapy company The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 9000 Virginia Manor Road, Beltsville, MD 20705
- Founded: 2014
- Team Size: 200+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Arcellx'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. Arcellx's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.5B valuation marks an important milestone for Arcellx, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Arcellx 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 2024-06-08. For more information about Arcellx, visit their headquarters at 9000 Virginia Manor Road, Beltsville, MD 20705.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.