Foundation Medicine
Foundation Medicine Raises $100M in Series D
Quick Facts
Foundation Medicine Raises $100M in Series D
Foundation Medicine has successfully raised $100M in a Series D at a $1B valuation led by Third Rock Ventures, Google Ventures.
Company Overview
Foundation Medicine is a Biotech company headquartered in Cambridge, MA, founded in 2010 with 1000+ employees.
Genomic profiling for cancer treatment
Fundraising Details
- Amount Raised: $100M
- Round Type: Series D
- Valuation: $1B
- Date: 2015-03-31
- Investors: Third Rock Ventures, Google Ventures
About Foundation Medicine
Genomic profiling for cancer treatment The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Cambridge, MA
- Founded: 2010
- Team Size: 1000+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Foundation Medicine'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. Foundation Medicine's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Foundation Medicine, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Foundation Medicine 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 2015-03-31. For more information about Foundation Medicine, visit their headquarters at Cambridge, MA.
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