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Molecular Assemblies Closes Oversubscribed $24 Million Series A Financing To Advance Enzymatic Dna Synthesis Toward Initial Commercial Access

PRIVATEApr 15, 2021

Amount Raised

$24 Million

Round Type

Series A

San DiegoBiotechnology

Description

Molecular Assemblies, Inc., today announced that it has closed an oversubscribed $24 million Series A financing with significant investment from Agilent Technologies, iSelect Fund, Codexis, Alexandria Venture Investments, and Argonautic Ventures. In addition LYFE Capital has joined the syndicate. The proceeds of the financing will be used to advance the company's proprietary enzymatic DNA synthesis technology toward early commercialization efforts.

Quick answer

Molecular Assemblies raised $24 Million in a Series A round, dated April 15, 2021. Molecular Assemblies is based in San Diego, California, United States.

How much did Molecular Assemblies raise?
Molecular Assemblies raised $24 Million in a Series A round on April 15, 2021.
What does Molecular Assemblies do?
Molecular Assemblies, Inc. is a private life sciences company developing an enzymatic DNA synthesis technology designed to power the next generation of DNA-based products.
Where is Molecular Assemblies based and how big is it?
Molecular Assemblies is based in San Diego, California, United States. Fundz records about 51 employees.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Droplet Biosciences raised $5.3M on May 28, 2021.
  • Synchron raised $33M on May 28, 2021.
  • Climb Bio, Inc. raised $60M on May 28, 2021.
  • Gusto Global, LLC raised $300K (Seed) on May 28, 2021.
  • Clear Labs raised $60M on May 28, 2021.
  • Kyttaro Ltd raised $2.1M (Seed) on May 28, 2021.

Who to call at Molecular Assemblies, and when

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Company Information

Company

Molecular Assemblies

Location

9880 CAMPUS POINT DR.

San Diego, California, United States

About

Molecular Assemblies, Inc. is a private life sciences company developing an enzymatic DNA synthesis technology designed to power the next generation of DNA-based products. The company’s patented Fully Enzymatic Synthesis (or FES™), based on making DNA the way nature makes DNA, produces long, high quality, sequence-specific DNA reliably, affordably, and sustainably. FES technology will enable the reading and writing of DNA for many industries, including industrial synthetic biology and precision medicine, as well as emerging applications of nanomachines and bio-based electronics. Molecular Assemblies is headquartered in San Diego.

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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

Molecular Assemblies 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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