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Spear Bio Inc. raised $45M in a Series A financing co-led by Foresite Capital and Bio-Techne Corporation to accelerate the launch of protein research and disease diagnostics products.

PRIVATEJul 29, 2024

Amount Raised

$45 Million

Round Type

Series A

WoburnBiotechnology

Investors

CDH InvestmentsYonjin CapitalMaverick VenturesBio Techne CorporationForesite Capital

Description

Spear Bio Inc. announced the successful closing of its $45 million Series A financing, aimed at advancing their innovative protein measurement technology. The round was oversubscribed and included participation from notable investors including Maverick Ventures and Yonjin Capital.

Quick answer

Spear Bio raised $45 Million in a Series A round, dated July 29, 2024. Investors: CDH Investments, Yonjin Capital, Maverick Ventures, Bio Techne Corporation and Foresite Capital. Spear Bio is based in Woburn, Massachusetts, United States.

How much did Spear Bio raise?
Spear Bio raised $45 Million in a Series A round on July 29, 2024.
Who invested in Spear Bio?
CDH Investments, Yonjin Capital, Maverick Ventures, Bio Techne Corporation and Foresite Capital are named as investors in this round.
What does Spear Bio do?
Spear Bio – founded in 2021 and headquartered in Woburn, Massachusetts – is an innovative leader in providing scalable solutions for ultra-sensitive protein biomarker measurements.
Where is Spear Bio based and how big is it?
Spear Bio is based in Woburn, Massachusetts, United States.
Who are the decision-makers at Spear Bio?
Fundz holds 1 contact at Spear Bio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Oruka Therapeutics raised $200M (Post-IPO Equity) on September 12, 2024.
  • Sinopia Biosciences raised $2.2M (Seed) on September 12, 2024.
  • Novameat raised $19M (Series A) on September 12, 2024.
  • Wundrsight raised $400K (Seed) on September 12, 2024.
  • XS Innovations raised $1.2M (Seed) on September 12, 2024.
  • Inflammatix raised $57M (Series E) on September 12, 2024.

Who to call at Spear Bio, and when

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Company Information

Company

Spear Bio

Location

Woburn, Massachusetts, United States

About

Spear Bio – founded in 2021 and headquartered in Woburn, Massachusetts – is an innovative leader in providing scalable solutions for ultra-sensitive protein biomarker measurements. Spear Bio’s proprietary technology, Successive Proximity Extension Amplification Reaction (SPEAR), employs a unique 2-factor authentication mechanism to precisely measure protein biomarkers at attomolar level from sub-microliter sample volume. Spear Bio is focused on leveraging its technology’s unprecedented sensitivity to transform protein research and early disease diagnosis.

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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

Spear Bio 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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