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10x Genomics gets $50mm in Series D funds, secures $75mm in debt facility

Executive Summary

10x Genomics Inc. (genomic discovery) raised $50mm in a Series D financing led by Meritech Capital Partners, which was joined by first-time backer Wells Fargo Strategic Capital and returning shareholders Paladin Capital, Fidelity, and the SoftBank Group. The company also secured a $75mm credit facility with Silicon Valley Bank. 10x will use the proceeds for ongoing product development, global commercialization activities, and expansion of its internal manufacturing operations.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
  • Research, Analytical Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Financing
    • Nonconvertible Debt
    • Private Placement

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