Fundz

2Seventy Bio Secures $170 Million In Private Placement Equity Financing

PRIVATEMar 16, 2022

Amount Raised

$170 Million

Round Type

Post-IPO Equity

CambridgeBiotechnologyHealth CareScience And Engineering

Description

2seventy bio, Inc. (Nasdaq: TSVT), a leading immuno-oncology cell therapy company, announced today that it has agreed to sell approximately 13,934,427 shares of its common stock to a select group of institutional and accredited investors in a private placement. Upon the closing of the financing, 2seventy bio will receive gross proceeds of approximately $170 million, before payment of offering commissions and expenses, based on a price of $12.20 per share, the closing price of 2seventy bio’s common stock on Nasdaq on March 15, 2022. The financing is expected to close on March 17, 2022, subject to customary closing conditions

Quick answer

2seventy bio raised $170 Million in a Post-IPO Equity round, dated March 16, 2022. 2seventy bio is based in Cambridge, Maryland, United States.

How much did 2seventy bio raise?
2seventy bio raised $170 Million in a Post-IPO Equity round on March 16, 2022.
What does 2seventy bio do?
Our name, 2seventy bio, reflects why we do what we do - TIME.
Where is 2seventy bio based and how big is it?
2seventy bio is based in Cambridge, Maryland, United States.
Who are the decision-makers at 2seventy bio?
Fundz holds 1 contact at 2seventy bio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

Companies in the same sectors as 2seventy bio that raised within 45 days of this round, from Fundz verified event records.

  • IMPLICITY raised $23M (Funding Round) on April 27, 2022.
  • Unlearn raised $50M on April 19, 2022.
  • Unlearn raised $50M (Series B) on April 19, 2022.
  • Surf Bio raised $16M (Seed) on April 12, 2022.
  • Ensem Therapeutics raised $67M (Series A) on April 6, 2022.
  • Trait Biosciences Inc. raised $210K (Series A) on April 6, 2022.

Who to call at 2seventy bio, and when

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Company Information

Company

2seventy bio

Location

60 BINNEY STREET

Cambridge, Maryland, United States

About

Our name, 2seventy bio, reflects why we do what we do - TIME. Cancer rips time away, and our goal is to work at the maximum speed of translating human thought into action – 270 miles per hour – to give the people we serve more time. We are building the leading immuno-oncology cell therapy company, focused on discovering and developing new therapies that truly disrupt the cancer treatment landscape.

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2seventy bio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.