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- Mission Bio
Mission Bio Funding, Investors & Competitors
Mission Bio has raised $110M across 3 funding rounds, most recently a $70M Series C in August 2020.
Last Mission Bio funding round
$70M
Series C · Aug 2020
Cumulative funding Mission Bio raised
$110M
across 3 funding rounds
Key investors in Mission Bio
Mayfield Fund
Cota Capital
Sand Hill Angels
Novo Holdings
StartX (Stanford-StartX Fund)
Tech Coast Angels
Keiretsu Forum
Labcorp
About Mission Bio
Mission Bio is a South San Francisco-headquartered genomics company founded in 2014 offering the Tapestri platform for single-cell DNA sequencing in cancer research. The system analyzes SNVs, CNVs, and protein markers from individual cells, enabling studies of tumor heterogeneity in leukemia and solid tumors. Adopted by labs at MD Anderson Cancer Center and Dana-Farber, it processes up to 10,000 cells per sample with 99% accuracy.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Mission Bio Funding History
Mission Bio has raised a total of $110M across 3 funding rounds.
Mission Bio's first fundraising round was a $10M Series A in October 2017. The most recent completed round was a $70M Series C in August 2020.
Mission Bio funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2020 | Series C | Novo Holdings (lead); Seabed VC; Soleus Capital; Agilent Ventures; Cota Capital; Mayfield Fund | $70M | Mission Bio, Inc., based in South San Francisco, California, is a pioneer in high-throughput single-cell DNA and multi-omics analysis, offering the Tapestri Platform that simultaneously detects DNA and protein changes to provide insights into mutations driving disease, particularly in cancer research. The platform supports biomarker discovery, monitoring therapy resistance and response, and accelerating clinical trials for novel cancer treatments, cell, and gene therapies. On August 13, 2020, Mission Bio announced a $70 million Series C funding round led by Novo Growth, the growth equity arm of Novo Holdings, with participation from new investor Soleus Capital and existing investors Mayfield, Cota Capital, and Agilent Ventures. This brought the company's total funding to more than $120 million across multiple rounds. Robert Ghenchev, Senior Partner and Head of Novo Growth, joined the board as part of the investment. The funds are designated to scale the Tapestri Platform, expand its application in clinical trials for cancer therapies, and enhance characterization for cell and gene therapy development, aiming to improve precision therapy outcomes. CEO and Co-founder Charlie Silver highlighted the platform's role in eliminating cancer by accessing multiple cellular profile layers. |
| Dec 2018 | Series B | Agilent; Sand Hill Angels; Labcorp; Cota Capital; Mayfield Fund | $30M | - |
| Oct 2017 | Series A | Mayfield Fund (lead); Life Science Angels; Keiretsu Forum; Sand Hill Angels; Cota Capital; StartX (Stanford-StartX Fund); Tech Coast Angels | $10M | Mission Bio is a single-cell genomics company founded in 2012 as a spin-out of research conducted at UCSF. The company developed the Tapestri platform, a precision genomics solution capable of analyzing DNA and protein changes at the single-cell level with throughput up to 10,000 cells, addressing industry needs in clinical trial optimization and precision medicine applications. In October 2017, Mission Bio completed a $10 million Series A financing round led by Mayfield Fund, with participation from other investors including Sand Hill Angels and Tech Coast Angels. The round supported the commercial launch of the Tapestri platform, which subsequently gained adoption across leading cancer research centers including UCSF, Stanford, and Memorial Sloan Kettering Cancer Center, as well as major biopharma companies including LabCorp and Agios. The company continued its growth trajectory, raising a $30 million Series B in December 2018 and a $70 million Series C in August 2020, bringing total funding to over $120 million by that date. |
Who has invested in Mission Bio?
13 investors have backed Mission Bio across its funding rounds, including Mayfield Fund, Cota Capital, Sand Hill Angels, Novo Holdings, StartX (Stanford-StartX Fund) and Tech Coast Angels.
Lead investors include Novo Holdings and Mayfield Fund.
Mission Bio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2017 | ||
| 3 | Lead | Oct 2017 | ||
| 2 | Participant | Oct 2017 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Lead | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Dec 2018 | ||
| 1 | Participant | Dec 2018 | ||
This data is available for Pro users. Sign up to see all 13 Mission Bio investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMission Bio Competitors
Mission Bio competitors include listed companies like Illumina, 10x Genomics, BillionToOne and Personalis, and private ones like BGI Group and Sangon Biotech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.3B | $1.4B | $36B | 8.3x | ||
| Publicly listed | $643M | ($16M) | $10B | 15.2x | ||
| Publicly listed | $305M | $12M | $5B | 11.1x | ||
| Publicly listed | $70M | ($78M) | $1.8B | 20.3x | ||
| Private | - | - | $1.6B | - | ||
| Private | $102M | - | $1.4B | 13.7x |
Mission Bio Public Comps
Mission Bio is still privately-owned, but its public comps include Roche, Merck KGaA, Natera, Illumina, Guardant Health, Sartorius, Bio-Techne, Twist Bioscience, 10x Genomics and Demant.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77B | $26B | 4.9x | 4.9x | 14.5x | 12.2x | |||
| $24B | $5.3B | 3.1x | 3.1x | 14.2x | 10.7x | |||
| $2.3B | ($266M) | 22.7x | 19.1x | (196.6x) | (264.1x) | |||
| $4.3B | $1.4B | 8.6x | 8.3x | 26.5x | 29.3x | |||
| $982M | ($408M) | 25.2x | 19.8x | (60.6x) | (127.0x) | |||
| $4.1B | $1.1B | 5.7x | 5.5x | 22.1x | 18.5x | |||
| $1.2B | $343M | 9.4x | 9.3x | 33.1x | 26.3x | |||
| $377M | ($63M) | 29.2x | 24.2x | (173.3x) | (340.6x) | |||
This data is available for Pro users. Sign up to see all Mission Bio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mission Bio
| When was Mission Bio founded? | Mission Bio was founded in 2012. |
| Where is Mission Bio headquartered? | Mission Bio is headquartered in San Francisco, CA, United States. |
| Is Mission Bio publicly listed? | No, Mission Bio is a private, VC-backed company. |
| How much funding has Mission Bio raised? | Mission Bio has raised $110M across 3 funding rounds. |
| What was Mission Bio's last funding round? | Mission Bio's last funding round was a $70M Series C in August 2020, led by Novo Holdings. |
| Who are Mission Bio's investors? | Mission Bio's investors include Cota Capital, Mayfield Fund, Sand Hill Angels, Life Science Angels, Novo Holdings, Seabed VC, Soleus Capital, Keiretsu Forum, Agilent Ventures, Agilent and 3 others. |
| Which companies are comparable to Mission Bio? | Companies comparable to Mission Bio include Illumina, 10x Genomics, BillionToOne, Personalis, BGI Group and Sangon Biotech. |
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