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Sherlock Biosciences Raises $80 Million In Series B Financing To Democratize At-Home Diagnostic Testing

PRIVATEMar 08, 2022

Amount Raised

$80 Million

Round Type

Series B

BostonBiotechnologyHealthcareData And AnalyticsHealth CareScience And Engineering

Description

Sherlock Biosciences, a company engineering biology to bring next-generation diagnostics to the point-of-need, today announced it has raised $80 million in a Series B financing. The round was led by Novalis LifeSciences and included new investors Illumina Ventures, Albany Capital and Catalio Capital Management, among others. They joined Northpond Ventures, Good Ventures, and other existing investors, bringing $111 million in total funding raised to date.

Quick answer

Sherlock Biosciences raised $80 Million in a Series B round, dated March 8, 2022. Sherlock Biosciences is based in Boston, Massachusetts, United States.

How much did Sherlock Biosciences raise?
Sherlock Biosciences raised $80 Million in a Series B round on March 8, 2022.
What does Sherlock Biosciences do?
Sherlock Biosciences is developing products that will empower people to access answers and have more control over their health decisions.
Where is Sherlock Biosciences based and how big is it?
Sherlock Biosciences is based in Boston, Massachusetts, United States.

Source: Fundz verified event record.

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

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

  • Unlearn raised $50M (Series B) on April 19, 2022.
  • Unlearn raised $50M on April 19, 2022.
  • Ensem Therapeutics raised $67M (Series A) on April 6, 2022.
  • Clarify Health raised $150M (Series D) on April 5, 2022.
  • Zephyr AI, Inc. raised $18M on April 4, 2022.
  • Zephyr AI, Inc. raised $19M (Seed) on March 30, 2022.

Who to call at Sherlock Biosciences, and when

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

  • An alert the day Sherlock Biosciences raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Sherlock Biosciences, from your own LinkedIn network

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Company Information

Company

Sherlock Biosciences

Location

40 GUEST STREET

Boston, Massachusetts, United States

About

Sherlock Biosciences is developing products that will empower people to access answers and have more control over their health decisions. Through our engineering biology tools, CRISPR-based SHERLOCKTM and synthetic biology-based INSPECTRTM, we are bringing together the accuracy of PCR with the convenience and simplicity of antigen tests for molecular diagnostics at the point-of-need. SHERLOCK and INSPECTR can be used in virtually any setting without complex instrumentation, making it well suited for use in the home and in low resource settings, opening up a wide range of potential applications in areas including infectious disease, early detection of cancer, treatment monitoring, and precision medicine. In 2020 the company made history with the first FDA-authorized use of CRISPR technology.

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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

Sherlock Biosciences 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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