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Ten investors take part in Foundation Medicine's $42.5mm Series B round; money added

Executive Summary

A year after capping off its Series A round at $33.5mm, Foundation Medicine Inc. (developed the FoundationOne genome analysis profiling system for personalized cancer treatment decision-making) has brought in an impressive $42.5mm through its Series B round. Returning investors Third Rock Ventures, Google Ventures, and Kleiner Perkins Caufield & Byers were joined by new buyers Deerfield Management, Casdin Capital, Redmile Group, Roche Venture Fund, and WuXi Corporate Venture Fund. Two undisclosed backers (a fund and a strategic investor) also participated.
Deal Industry
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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