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Chroma Medicine Secures $135M In Series B Financing To Advance Breakthrough Epigenetic Editing Technology And Expand Pipeline Of Durable Precision Genomic Medicines

PRIVATEMar 01, 2023

Amount Raised

$135 Million

Round Type

Series B

BostonBiotechnologyHealth CareGeneticsTherapeutics

Investors

T. Rowe PriceWellington ManagementSofinnova PartnersOsage University PartnersOmega FundsNewpath PartnersJanus Henderson InvestorsCormorant Asset ManagementCasdin CapitalAtlas VentureAlexandria Venture InvestmentsARCH Venture PartnersSixth StreetMubadala CapitalDCVC BioGV

Description

Chroma Medicine, Inc., (Chroma) a genomic medicine company pioneering single-dose epigenetic editing therapeutics, today announced the completion of a $135 million Series B financing led by GV (Google Ventures), with participation from additional new investors ARCH Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street, and all existing investors, including Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T Rowe Price, and Wellington Management. The financing will support advancement of Chroma's therapeutic programs toward the clinic, and continued investment in the company's core epigenetic editing platform.

Quick answer

Chroma Medicine raised $135 Million in a Series B round, dated March 1, 2023. Investors: T. Rowe Price, Wellington Management, Sofinnova Partners, Osage University Partners, Omega Funds, Newpath Partners, Janus Henderson Investors and Cormorant Asset Management. Chroma Medicine is based in Boston, Massachusetts, United States.

How much did Chroma Medicine raise?
Chroma Medicine raised $135 Million in a Series B round on March 1, 2023.
Who invested in Chroma Medicine?
T. Rowe Price, Wellington Management, Sofinnova Partners, Osage University Partners, Omega Funds, Newpath Partners, Janus Henderson Investors and Cormorant Asset Management are named as investors in this round.
What does Chroma Medicine do?
Chroma Medicine is pioneering a new class of single-dose genomic medicines that harness epigenetics, nature’s innate mechanism for gene regulation, revolutionizing the treatment of disease.
Where is Chroma Medicine based and how big is it?
Chroma Medicine is based in Boston, Massachusetts, United States.
Who are the decision-makers at Chroma Medicine?
Fundz holds 1 contact at Chroma Medicine. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Genetics and Therapeutics around the same time

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

  • GenoME Diagnostics raised $1.8M (Seed) on March 3, 2023.
  • TransCode Therapeutics raised an undisclosed amount on April 14, 2023.
  • Lapix Therapeutics raised $5.9M on April 14, 2023.
  • OncoLize raised $1.7M (Seed) on April 13, 2023.
  • DiaMedica Therapeutics raised $750K (Seed) on April 10, 2023.
  • CTRL Therapeutics raised $10M (Seed) on April 10, 2023.

Who to call at Chroma Medicine, and when

A new round usually means Chroma Medicine is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Chroma Medicine

Location

Boston, Massachusetts, United States

About

Chroma Medicine is pioneering a new class of single-dose genomic medicines that harness epigenetics, nature’s innate mechanism for gene regulation, revolutionizing the treatment of disease. Epigenetics is nature’s central mechanism for gene regulation, governing cell phenotype and function by precisely controlling gene activity without changing the underlying DNA sequence. Building on groundbreaking research from the world’s foremost genomic medicine experts, Chroma Medicine is working at the cutting edge of precision genomics, building an entirely new class of therapeutics to achieve unparalleled control of gene expression. *Note: Be aware of fraudulent recruiting advertisements and scams: Potential candidates for employment at Chroma Medicine should be aware of job offer fraud scams perpetrated through the use of the internet and social media platforms. To learn more, please visit the Join Us page on our website.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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