- Companies
- Platelet BioGenesis
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Series B | SymBiosis LLC (lead); K2 HealthVentures; Ziff Capital Partners; Qiming Venture Partners; Oxford Finance LLC | $76M | - |
| Sep 2019 | Series A | Qiming Venture Partners (lead); Ziff Capital Partners (lead); eCoast Angels; Nest.Bio Ventures | $26M | Platelet 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 2019 | Series A | EQx Fund | $11M | - |
| Jun 2017 | Series A | Qiming Venture Partners (lead); Viventures; Vivo Capital; Nest.Bio Ventures; Ecoast Angel Network | $10M | Platelet 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2017 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Participant | Jun 2017 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Lead | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 11 Platelet BioGenesis 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 TrialPlatelet BioGenesis Competitors
Platelet BioGenesis competitors include listed companies like Roche and Johnson & Johnson, and private ones like Heyuan Biotechnology, ArsenalBio, Formation Bio and Immunai.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $94B | $40B | $651B | 6.8x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Platelet BioGenesis competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Platelet BioGenesis
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