Biotech

Generate Biomedicines

Generate Biomedicines raises $370M Series C at $2B valuation

$370M
Total Raised
Series C
Latest Round
2018
Founded
200+
Employees
1 Main Street, Cambridge, MA 02142
1 min read

Quick Facts

Valuation
$2B
Latest Round Size
$370M
Latest Round Date
November 2024

Generate Biomedicines: Series C Funding Round

Generate Biomedicines has successfully raised $370M in Series C funding, reaching a valuation of $2B.

Company Overview

Generative biology AI drug discovery

Funding Details

The Series C round was led by Flagship Pioneering, with participation from T. Rowe Price, Fidelity, NVIDIA, Alaska Permanent Fund.

Company Information

  • Headquarters: 1 Main Street, Cambridge, MA 02142
  • Founded: 2018
  • Employees: 200+
  • Category: Biotech

Investment

Generate Biomedicines plans to use the funds to accelerate product development, expand its team, and scale operations globally.

About the Investors

  • Flagship Pioneering: Verified investor in Series C
  • T. Rowe Price: Verified investor in Series C
  • Fidelity: Verified investor in Series C
  • NVIDIA: Verified investor in Series C
  • Alaska Permanent Fund: Verified investor in Series C

Key Investors

Flagship Pioneering
Lead Investor
Verified investor in Series C
T. Rowe Price
Investor
Verified investor in Series C
Fidelity
Investor
Verified investor in Series C
NVIDIA
Investor
Verified investor in Series C
Alaska Permanent Fund
Investor
Verified investor in Series C

About the Author

Editorial Team
Editorial Team
Curated funding news from verified sources