Recursion Pharmaceuticals Raises $239M in Series F

Recursion Pharmaceuticals has successfully raised $239M in a Series F at a $4B valuation led by Baillie Gifford, ARK Investment Management, Mubadala Capital, Kinnevik, Catalio Capital Management.

Company Overview

Recursion Pharmaceuticals is a Biotech company headquartered in 41 South Rio Grande Street, Salt Lake City, UT 84101, founded in 2013 with 500+ employees.

AI-powered drug discovery

Fundraising Details

• Amount Raised: $239M
• Round Type: Series F
• Valuation: $4B
• Date: 2024-04-24
• Investors: Baillie Gifford, ARK Investment Management, Mubadala Capital, Kinnevik, Catalio Capital Management

About Recursion Pharmaceuticals

AI-powered drug discovery The company is positioned in the Biotech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 41 South Rio Grande Street, Salt Lake City, UT 84101
• Founded: 2013
• Team Size: 500+
• Industry: Biotech

What This Means

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

Valuation Milestone

Reaching a $4B valuation marks an important milestone for Recursion Pharmaceuticals, positioning the company among notable players in the Biotech industry.

Looking Ahead

With this new capital, Recursion 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 2024-04-24. For more information about Recursion Pharmaceuticals, visit their headquarters at 41 South Rio Grande Street, Salt Lake City, UT 84101.