Caribou Biosciences Raises $30M to Expand Its Gene-Editing Technology
May 17, 2016
Biotech startup Caribou Biosciences has raised $30 million in funding for its gene-editing technology.
New investors that participated in the Series B round include Anterra Capital, Heritage Group, Maverick Capital Ventures and Pontifax AgTech. They joined existing investors F-Prime Capital Partners, Novartis, Mission Bay Capital and 5 Prime Ventures.
Philip Austin, founding partner at Anterra Capital, joined Caribou’s board of directors with the investment. The company has raised $44.46 million to date.
CEO Rachel Haurwitz co-founded the Berkeley-based startup in 2011 to develop cellular engineering solutions based on CRISPR technologies. Short for “clustered regularly interspaced short palindromic repeats,” CRISPR technologies can edit genetic mistakes and could lead to advances in agricultural biotechnology, industrial biotechnology and curing human diseases.
"We are delighted to have the support of such an esteemed group of new and current investors, and view the caliber of the participants as further validation of the potential of our CRISPR-Cas genome engineering platform to transform the development of new medical therapies and bio-based products," Haurwitz said in a press release. "We look forward to working with this outstanding group of investors, and bringing their deep expertise and guidance to bear as we deliver on the promise of our technology platform."
The company said it will use the new funds to continue to expand its gene-editing technology platform and accelerate efforts in promising application areas.
About
The Alliance of Chief Executives is an active community of business leaders that focuses on deep strategic exchanges, challenging existing assumptions and generating fresh ideas.
Contact Us
Alliance of Chief Executives, LLC
2175 N. California Blvd.,
Suite 605
Walnut Creek, CA 94596
- 925-942-2400 Office
- 925-956-4424 Fax
- Email: info@allianceofCEOs.com
Newsletter
Subscribe to our newsletter and stay up to date with the latest Alliance news!
About
The Alliance of Chief Executives is an active community of business leaders that focuses on deep strategic exchanges, challenging existing assumptions and generating fresh ideas.
Newsletter
Subscribe to our newsletter and stay up to date with the latest Alliance news!
Member Resources
Contact Us
2175 N. California Blvd., Suite 605
Walnut Creek, CA 94596
925-942-2400 Office
925-956-4424 Fax
Email: info@allianceofCEOs.com
2026 © Alliance of Chief Executives, LLC
