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Genedit Announces Series A Financing And Provides Research Update At Tides 2021

PRIVATESep 23, 2021

Round Type

Series A

San FranciscoBiotechnology

Description

GenEdit, Inc., a biotechnology company with a mission to develop curative therapies through targeted in vivo delivery of genetic medicines, today announced that it has closed a $26 million Series A financing. New investors Eli Lilly, KTB Network, Ltd., Company K Partners, Korea Investment Partners, DAYLI Partners, KB Investment, IMM Investment, and TIMEFOLIO Asset Management, join existing investors DCVC Bio, SK Holdings, Bow Capital, and Sequoia Capital, participating in the financing. The funding will support the further development of GenEdit’s NanoGalaxyTM platform of non-viral, non-lipid polymer nanoparticles, and the selection for clinical development of therapeutic candidates targeting diseases of the nervous system.

Quick answer

GenEdit raised an undisclosed amount in a Series A round, dated September 23, 2021. GenEdit is based in San Francisco, California, United States.

How much did GenEdit raise?
GenEdit raised an undisclosed amount in a Series A round on September 23, 2021.
What does GenEdit do?
GenEdit is focused on overcoming the major challenge to genetic medicines: Delivery.
Where is GenEdit based and how big is it?
GenEdit is based in San Francisco, California, United States.
Who are the decision-makers at GenEdit?
Fundz holds 1 contact at GenEdit. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Pison Technology, Inc. raised $1.4M (Seed) on November 5, 2021.
  • CuraSen Therapeutics raised $18M on November 5, 2021.
  • NERx Biosciences, Inc. raised $200K (Seed) on November 5, 2021.
  • GlycoEra AG raised an undisclosed amount (Series A) on November 5, 2021.
  • Sway raised $2.5M (Seed) on November 4, 2021.
  • National Comprehensive Cancer Network raised an undisclosed amount (Funding Round) on November 4, 2021.

Who to call at GenEdit, and when

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

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Company Information

Company

GenEdit

Location

San Francisco, California, United States

About

GenEdit is focused on overcoming the major challenge to genetic medicines: Delivery. We aim to overcome this limitation and enable treatment of a broad range of diseases, having a positive impact on the lives of as many people as possible. The foundation of our company is our NanoGalaxy platform. NanoGalaxy contains a library spanning thousands of unique non-viral, non-lipid, polymer nanoparticles. Using our iterative screening process, we are able to identify polymer nanoparticles that can deliver the needed genetic medicine payload to the needed tissue to treat disease.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

GenEdit 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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