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Ori Biotech Raises Over $100 Million In Series B Funding To Launch Innovative Cell And Gene Therapy Manufacturing Platform

PRIVATEJan 18, 2022

Amount Raised

$100 Million

Round Type

Series B

LondonSoftwareData And AnalyticsScience And Engineering

Description

Ori Biotech Ltd. (Ori), a leader in cell and gene therapy (CGT) manufacturing technology, today announces it has secured over $100 million in an oversubscribed Series B funding round. The investment round was led by Novalis LifeSciences with Puhua Capital and Chimera Abu Dhabi coming in as new investors. Existing investors from Ori's $30 million Series A round in 2020, including Amadeus Capital Partners, Delin Ventures, Northpond Ventures and Octopus Ventures, have continued to support the company with additional funding.

Quick answer

Ori Biotech raised $100 Million in a Series B round, dated January 18, 2022. Ori Biotech is based in London, England, United Kingdom.

How much did Ori Biotech raise?
Ori Biotech raised $100 Million in a Series B round on January 18, 2022.
What does Ori Biotech do?
Ori is a London-and New Jersey-based manufacturing technology company pioneering flexible process discovery with seamless translation and scalable commercialization of cell and gene therapies.
Where is Ori Biotech based and how big is it?
Ori Biotech is based in London, England, United Kingdom. Fundz records about 85 employees.
Who are the decision-makers at Ori Biotech?
Fundz holds 2 contacts at Ori Biotech, including the Founder and Chief Scientific Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Science And Engineering around the same time

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

  • Inworld AI raised an undisclosed amount on March 4, 2022.
  • ArrePath raised $20M (Seed) on March 3, 2022.
  • EdgeCortix raised an undisclosed amount (Series A) on March 1, 2022.
  • RIOS raised $28M (Series A) on February 24, 2022.
  • Bloomreach raised $175M on February 23, 2022.
  • GreenScreens AI, Inc. raised an undisclosed amount on February 22, 2022.

Who to call at Ori Biotech, and when

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

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Company Information

Company

Ori Biotech

Location

London, England, United Kingdom

About

Ori is a London-and New Jersey-based manufacturing technology company pioneering flexible process discovery with seamless translation and scalable commercialization of cell and gene therapies. Ori has developed a proprietary, full stack manufacturing platform that closes, automates and standardizes CGT manufacturing allowing therapeutics developers to develop and bring their products to market at commercial scale. The promise of the innovative Ori platform is to fully automate CGT manufacturing to increase throughput, improve quality and decrease costs by combining proprietary hardware, software, data and analytics. Ori was founded in 2015 by Dr. Farlan Veraitch (UCL) and has brought together a seasoned Board and management team with over 200 years of combined pharmaceutical, CGT and venture building experience including CEO Jason C. Foster (Indivior), CBO Jason Jones (Miltenyi), CDOO Kevin Gordon (Tmunity), CTO Stuart Milne (Cytiva), VP Tom Heathman (Minaris), VP David Smith (Minaris), VP Lee Unroe (Indivior), Chris Mason (AVROBIO), Paul Meister (ThermoFisher) and Annalisa Jenkins (Dimension Therapeutics) alongside expert advisers like Bruce Levine, Anthony Davies, and Robert Preti. For more information, visit oribiotech.com.

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Related People

2 contacts
Verified contactsFarlan V., Founder and Chief Scientific Officer hiddenSee plans and pricing
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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

Ori Biotech 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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