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Fore Biotherapeutics Announces $75M In Series D Financing And Ceo Transition

PRIVATEAug 24, 2023

Amount Raised

$75 Million

Round Type

Series D

PhiladelphiaBiotechnologyHealth CareTherapeutics

Investors

Wellington ManagementCormorant Asset Management3 B Future Health FundNovartis Venture FundHBM Healthcare InvestmentsOrbi MedMedicxiSR OneGiovanni MariggiSamsung Securities

Description

FORE Biotherapeutics today announced the closing of its $75 million Series D financing, led by the SR One and co-led by Medicxi and joined by existing investors. FORE Biotherapeutics’ syndicate now includes new investor Medicxi, as well as existing investors OrbiMed, HBM Healthcare Investments, Novartis Venture Fund, 3B Future Health Fund, Cormorant Asset Management, Wellington Management and Samsung Securities. In connection with the financing, Giovanni Mariggi, Partner at Medicxi, was appointed to FORE Biotherapeutics’ Board of Directors.

Quick answer

Fore Biotherapeutics raised $75 Million in a Series D round, dated August 24, 2023. Investors: Wellington Management, Cormorant Asset Management, 3 B Future Health Fund, Novartis Venture Fund, HBM Healthcare Investments, Orbi Med, Medicxi and SR One. Fore Biotherapeutics is based in Philadelphia, Pennsylvania, United States.

How much did Fore Biotherapeutics raise?
Fore Biotherapeutics raised $75 Million in a Series D round on August 24, 2023.
Who invested in Fore Biotherapeutics?
Wellington Management, Cormorant Asset Management, 3 B Future Health Fund, Novartis Venture Fund, HBM Healthcare Investments, Orbi Med, Medicxi and SR One are named as investors in this round.
What does Fore Biotherapeutics do?
Fore Bio is a precision oncology company dedicated to developing innovative treatments that provide better outcomes for patients with the hardest-to-treat cancers.
Where is Fore Biotherapeutics based and how big is it?
Fore Biotherapeutics is based in Philadelphia, Pennsylvania, United States. Fundz records about 56 employees.
Who are the decision-makers at Fore Biotherapeutics?
Fundz holds 5 contacts at Fore Biotherapeutics, including the Founder & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Amicus Therapeutics raised an undisclosed amount (Funding Round) on October 2, 2023.
  • Acasti raised $7.5M (Post-IPO Equity) on September 26, 2023.
  • Acasti raised $7.5M on September 25, 2023.
  • Qihan Biotech raised an undisclosed amount (Series B) on September 23, 2023.
  • DalCor Pharmaceuticals raised $80M (Series D) on September 13, 2023.
  • Renibus Therapeutics raised an undisclosed amount (Series B) on September 12, 2023.

Who to call at Fore Biotherapeutics, and when

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

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Company Information

Company

Fore Biotherapeutics

Location

3675 MARKET STREET

Philadelphia, Pennsylvania, United States

About

Fore Bio is a precision oncology company dedicated to developing innovative treatments that provide better outcomes for patients with the hardest-to-treat cancers. The Company’s lead asset plixorafenib (FORE8394; formerly PLX8394) is a V600 and non-V600 BRAF inhibitor with manageable clinical safety and early efficacy signals in an ongoing Phase 1/2a clinical trial. The Fore Bio research and development team is optimizing drug development by identifying existing compounds with known clinical profiles and a clear path through clinical development to advance new medicines for patients without treatment options.

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Related People

5 contacts
Verified contactsMichael V., Founder & CEO hidden hiddenSee plans and pricing
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Fore Biotherapeutics 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.