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Poseida withdraws IPO filing, goes for $142mm Series C round instead

Executive Summary

Poseida Therapeutics Inc. (CART treatments for cancer and gene therapies for orphan genetic diseases) raised $142mm through a Series C round. Novartis Pharma AG led with a $75mm investment, and was joined by new investors Aisling Capital Management, Pentwater Capital Management, Perceptive Advisors, and other undisclosed institutional investors, along with returning backers Malin Corp. PLC, Longitude Capital, Vivo Capital, and Boxer Capital (Tavistock). The Series C was announced concurrent with Poseida withdrawing its filing for an initial public offering. The company filed for the IPO in January, but after a series of delays and expressed interest from investors, opted to cancel the IPO and take in the Series C funds instead.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Genomics-Proteomics
    • Gene Therapy, Cell Therapy
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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