Platelet BioGenesis Funding, Investors & Competitors

Platelet BioGenesis has raised $123M across 4 funding rounds, most recently a $76M Series B in November 2021.

Last Platelet BioGenesis funding round

$76M

Series B · Nov 2021

Cumulative funding Platelet BioGenesis raised

$123M

across 4 funding rounds

Key investors in Platelet BioGenesis

  • Qiming Venture Partners
  • Nest.Bio Ventures
  • Ziff Capital Partners
  • Vivo Capital
  • K2 HealthVentures
  • SymBiosis LLC
  • Ecoast Angel Network
  • Viventures

Platelet BioGenesis Overview

About Platelet BioGenesis

Platelet BioGenesis is a biotechnology company developing methods to produce human platelets from induced pluripotent stem cells without donor blood reliance. The technology targets transfusion medicine and therapeutic applications. Based in Delray Beach, Florida, the firm advances its cell expansion and maturation bioreactor systems through preclinical studies. Platelet BioGenesis collaborates with research institutions on scalable platelet production for clinical trials.


Founded

2014

HQ

United StatesBoston, MA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Platelet BioGenesis Funding History

Platelet BioGenesis has raised a total of $123M across 4 funding rounds.

Platelet BioGenesis' first fundraising round was a $10M Series A in June 2017. The most recent completed round was a $76M Series B in November 2021.

Platelet BioGenesis funding rounds

Platelet BioGenesis funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series BSymBiosis LLC (lead); K2 HealthVentures; Ziff Capital Partners; Qiming Venture Partners; Oxford Finance LLC$76M-
Sep 2019Series AQiming Venture Partners (lead); Ziff Capital Partners (lead); eCoast Angels; Nest.Bio Ventures$26MPlatelet BioGenesis, a Cambridge, MA-based biotechnology company founded in 2014, develops stem cell-derived, donor-independent human platelets (PLTs+) and platelet-based therapeutics using a patented microfluidic bioreactor to generate functional platelets at scale from pluripotent stem cells. The company raised more than $26 million in its Series A-1 financing round on or around September 9, 2019, co-led by Ziff Capital Partners and Qiming Venture Partners USA, with participation from existing investors Nest.Bio Ventures and eCoast Angels, among others. This round, combined with prior Series A financing and grants, brought total funding to approximately $45 million at that time. The proceeds from the Series A-1 round were allocated to accelerate development of donor-independent platelet manufacturing capabilities, advance proof-of-concept work for platelet-based therapeutics, and support the launch of the company's first clinical trial using stem cell-derived platelets. Platelet BioGenesis planned to double its staff to about 50 employees in 2020 to support these goals. The investment also brought Steven Altschuler, M.D., managing director of healthcare ventures at Ziff Capital Partners, onto the company's board. Platelet BioGenesis positions its technology as a novel treatment modality for a broad range of human diseases, building on advancements in gene and cell therapy. Mark McDade, chairman of the board and managing partner at Qiming Venture Partners USA, highlighted the company's progress. Subsequent funding included a $75.5 million Series B in 2021 and additional rounds bringing total raised to $140.92M as of recent data, with later investments from firms like Oxford Finance and Third Rock Ventures. Competitors include Megakaryon.
Jun 2019Series AEQx Fund$11M-
Jun 2017Series AQiming Venture Partners (lead); Viventures; Vivo Capital; Nest.Bio Ventures; Ecoast Angel Network$10MPlatelet BioGenesis is a biotech startup developing a process to produce human platelets from stem cells for therapeutic applications. The company, spun out of Harvard University, announced a $10 million Series A financing round on June 8, 2017, led by Qiming U.S. Healthcare Fund with participation from Vivo Capital, VI Ventures, Adena Partners, eCoast Angels, and others. The funding supports investigational new drug-enabling studies and establishing a scalable industrial process to manufacture clinical-grade platelets. Prior to this round, the company participated in MassCONNECT, was a 2014 MassChallenge Finalist, and received support from the Massachusetts Life Sciences Center and National Institutes of Health.

Who has invested in Platelet BioGenesis?

11 investors have backed Platelet BioGenesis across its funding rounds, including Qiming Venture Partners, Nest.Bio Ventures, Ziff Capital Partners, Vivo Capital, K2 HealthVentures and SymBiosis LLC.

Lead investors include SymBiosis LLC, Qiming Venture Partners and Ziff Capital Partners.


Platelet BioGenesis Investors

Investors in Platelet BioGenesis by funding rounds participated
InvestorHQRoundsRoleFirst check
Qiming Venture PartnersChinaShanghai3LeadJun 2017
Ziff Capital PartnersUnited StatesNew York City, NY2LeadSep 2019
Nest.Bio VenturesUnited StatesBoston, MA2ParticipantJun 2017
EQx FundUnited StatesBoston, MA1ParticipantJun 2019
K2 HealthVenturesUnited StatesBoston, MA1ParticipantNov 2021
eCoast AngelsUnited StatesUnited States1ParticipantSep 2019
ViventuresUnited StatesSan Francisco, CA1ParticipantJun 2017
Vivo CapitalUnited StatesUnited States1ParticipantJun 2017
SymBiosis LLCUnited StatesWashington, DC1LeadNov 2021

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Platelet BioGenesis Competitors

Platelet BioGenesis competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.

Public and private companies comparable to Platelet BioGenesis
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
Heyuan BiotechnologyChinaShanghaiPrivate--$3B-
ArsenalBioUnited StatesUnited StatesPrivate--$1.9B-
Formation BioUnited StatesNew York City, NYPrivate--$1B-
ImmunaiUnited StatesNew York City, NYPrivate--$1B-
Johnson & JohnsonUnited StatesUnited StatesPublicly listed$94B$40B$651B6.8x

Platelet BioGenesis Public Comps

Platelet BioGenesis is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Eli Lilly$65B$28B16.5x13.1x38.7x27.0x
Johnson & Johnson$94B$40B7.2x6.8x17.0x18.3x
AbbVie$61B$17B8.7x8.1x30.6x17.6x
Merck$65B$28B6.3x6.2x14.7x21.0x
Roche$77B$26B5.0x4.9x14.6x12.4x
Novartis$57B$22B5.5x5.5x14.2x13.3x
AstraZeneca$59B$19B4.8x4.5x14.6x12.7x
Amgen$37B$17B6.8x6.5x14.8x14.4x

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Common questions about Platelet BioGenesis

When was Platelet BioGenesis founded?Platelet BioGenesis was founded in 2014.
Where is Platelet BioGenesis headquartered?Platelet BioGenesis is headquartered in Boston, MA, United States.
Is Platelet BioGenesis publicly listed?No, Platelet BioGenesis is a private, VC-backed company.
How much funding has Platelet BioGenesis raised?Platelet BioGenesis has raised $123M across 4 funding rounds.
What was Platelet BioGenesis' last funding round?Platelet BioGenesis' last funding round was a $76M Series B in November 2021, led by SymBiosis LLC.
Who are Platelet BioGenesis' investors?Platelet BioGenesis' investors include Qiming Venture Partners, Ziff Capital Partners, Nest.Bio Ventures, EQx Fund, K2 HealthVentures, eCoast Angels, Viventures, Vivo Capital, SymBiosis LLC, Oxford Finance LLC and 1 other.
Which companies are comparable to Platelet BioGenesis?Companies comparable to Platelet BioGenesis include Roche, Heyuan Biotechnology, ArsenalBio, Formation Bio, Immunai and Johnson & Johnson.

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