Regenxbio
Regenxbio Raises $150M in Convertible Note
Quick Facts
Regenxbio Raises $150M in Convertible Note
Regenxbio has successfully raised $150M in a Convertible Note at a $2B valuation led by Third Rock Ventures, SV Life Sciences, Biomatics Capital Partners.
Company Overview
Regenxbio is a Biotech company headquartered in 9600 Blackwell Road, Rockville, MD 20850, founded in 2008 with 350+ employees.
Gene therapy delivery platform
Fundraising Details
- Amount Raised: $150M
- Round Type: Convertible Note
- Valuation: $2B
- Date: 2024-09-29
- Investors: Third Rock Ventures, SV Life Sciences, Biomatics Capital Partners
About Regenxbio
Gene therapy delivery platform The company is positioned in the Biotech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 9600 Blackwell Road, Rockville, MD 20850
- Founded: 2008
- Team Size: 350+
- Industry: Biotech
What This Means
This funding round demonstrates strong investor confidence in Regenxbio'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. Regenxbio's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Regenxbio, positioning the company among notable players in the Biotech industry.
Looking Ahead
With this new capital, Regenxbio 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 2024-09-29. For more information about Regenxbio, visit their headquarters at 9600 Blackwell Road, Rockville, MD 20850.
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