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Hi-Bio Announces $95 Million Series B Financing To Advance Targeted Therapies For Immune-Mediated Diseases

PUBLIC · BIIBJan 04, 2024

Amount Raised

$95 Million

Round Type

Series B

CambridgeBiotechnologyHealth CareBiotechnology Research

Investors

ARCH Venture PartnersJeito CapitalArkin Bio CapitalViking Global InvestorsAlpha Wave Global

Description

Human Immunology Biosciences (HI-BioTM), a clinical-stage biotechnology company developing targeted therapies for patients with severe immune-mediated diseases (IMDs), today announced the closing of a $95 million Series B financing led by new investor Alpha Wave Global. Viking Global Investors and Arkin Bio Capital participated in the financing, as well as existing investors Jeito Capital and ARCH Venture Partners.

Quick answer

BioGen raised $95 Million in a Series B round, dated January 4, 2024. Investors: ARCH Venture Partners, Jeito Capital, Arkin Bio Capital, Viking Global Investors and Alpha Wave Global. BioGen is based in Cambridge, Massachusetts, United States.

How much did BioGen raise?
BioGen raised $95 Million in a Series B round on January 4, 2024.
Who invested in BioGen?
ARCH Venture Partners, Jeito Capital, Arkin Bio Capital, Viking Global Investors and Alpha Wave Global are named as investors in this round.
What does BioGen do?
BioGen is a biotechnology company specializing in the development of therapies for neurological diseases.
Where is BioGen based and how big is it?
BioGen is based in Cambridge, Massachusetts, United States. Fundz records about 7,553 employees.
Who are the decision-makers at BioGen?
Fundz holds 1 contact at BioGen. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology Research and Biotechnology around the same time

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

  • Sudo Biosciences raised $147M (Series B) on February 13, 2024.
  • Liquidia raised $100M (Funding Round) on January 4, 2024.
  • Daré Bioscience, Inc. raised $12M on December 26, 2023.
  • Daré Bioscience, Inc. raised $1.7M (Seed) on December 21, 2023.
  • Sudo Biosciences raised $116M (Series B) on December 20, 2023.
  • Sudo Biosciences raised $53M on December 15, 2023.

Who to call at BioGen, and when

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Company Information

Company

BioGen

Location

Cambridge, Massachusetts, United States

About

BioGen is a biotechnology company specializing in the development of therapies for neurological diseases. It has pioneered innovations in treatment for various neurodegenerative conditions. Founded in 1978, BioGen continuously strives to improve the lives of patients through science.

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1 contact
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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

BioGen 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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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.