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Scorpion Therapeutics Announces Oversubscribed $162 Million Series B Financing

PRIVATEJan 07, 2021

Amount Raised

$162 Million

Round Type

Series B

BostonBiotechnologyHealth CareMedicalTherapeutics

Description

Scorpion Therapeutics, Inc., a next-generation precision oncology company, today announced the closing of an oversubscribed Series B financing, which raised $162 million. The financing was led by Boxer Capital of Tavistock Group, EcoR1 Capital, LLC, Omega Funds and Vida Ventures, with participation from new investors Surveyor Capital (a Citadel company), Invus, Wellington Management Company, Nextech Invest, OrbiMed, Casdin Capital, LLC, Woodline Partners LP, Logos Capital, Janus Henderson Investors and other undisclosed institutional investors, as well as existing investors Atlas Venture and Abingworth. With this financing, Scorpion has raised approximately $270 million since the company was founded in the first quarter of 2020.

Quick answer

Scorpion Therapeutics raised $162 Million in a Series B round, dated January 7, 2021. Scorpion Therapeutics is based in Boston, Massachusetts, United States.

How much did Scorpion Therapeutics raise?
Scorpion Therapeutics raised $162 Million in a Series B round on January 7, 2021.
What does Scorpion Therapeutics do?
Scorpion is a pioneering clinical-stage oncology company redefining the frontier of precision medicine to deliver optimized and transformational therapies for larger populations of patients with cancer, a strategy..
Where is Scorpion Therapeutics based and how big is it?
Scorpion Therapeutics is based in Boston, Massachusetts, United States.
Who are the decision-makers at Scorpion Therapeutics?
Fundz holds 1 contact at Scorpion Therapeutics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical and Therapeutics around the same time

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

  • Acrivon Therapeutics raised $16M on February 12, 2021.
  • TScan Therapeutics, Inc. raised $100M on January 28, 2021.
  • TScan Therapeutics, Inc. raised $100M (Series C) on January 25, 2021.
  • Faeth Therapeutics raised $30M (Funding Round) on January 11, 2021.
  • Immuneering raised $37M on January 5, 2021.
  • Silence Therapeutics plc raised $45M on February 18, 2021.

Who to call at Scorpion Therapeutics, and when

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Company Information

Company

Scorpion Therapeutics

Location

Boston, Massachusetts, United States

About

Scorpion is a pioneering clinical-stage oncology company redefining the frontier of precision medicine to deliver optimized and transformational therapies for larger populations of patients with cancer, a strategy Scorpion refers to as Precision Oncology 2.0. Scorpion has built a proprietary and fully integrated platform of the most advanced technologies across cancer biology, medicinal chemistry, and data sciences, with the goal of consistently and rapidly creating exquisitely selective small molecule compounds against an unprecedented spectrum of targets. Scorpion aims to leverage its platform to advance a broad pipeline of wholly owned, optimized compounds across three target categories: best-in-class molecules targeting validated oncogene targets; first-in-class molecules for previously undruggable targets; and first-in-class molecules for novel cancer targets. For more information, visit www.scorpiontx.com.

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Related People

1 contact
Verified contacts7 people are listed at Scorpion Therapeutics. We don't have their email yet.See 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

Scorpion Therapeutics 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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