The Insider: Investors Edition - Quarter 1: 2021
¾«Æ·SMÔÚÏßӰƬ Startups in the News
SomaLogic to go public via SPAC in deal that values it as a unicorn
¾«Æ·SMÔÚÏßӰƬ spinout SomaLogic Inc. is beginning a merger with a special purpose acquisition company CM Life Sciences II that would add up to $651 million in new funding to the company’s books, and make it Colorado’s latest unicorn. The deal values SomaLogic at $1.23 billion before going public, granting it unicorn status as a privately held company worth more than $1 billion.
CU spinout Inscripta announces the first commercial shipment of its Onyxâ„¢ digital genome engineering platform and closes $150 million in new financing
Inscripta, Inc., the digital genome engineering company, today announced the first commercial shipment of its Onyxâ„¢ platform and the closing of a $150 million Series E financing round led by Fidelity Management & Research Company LLC and funds and accounts advised by T. Rowe Price Associates, Inc.
BMW and Ford invest in ¾«Æ·SMÔÚÏßӰƬ spinout Solid Power to secure all solid-state batteries for future electric vehicles
Solid Power, an industry-leading producer of all solid-state batteries for electric vehicles, today announced a $130 million Series B investment round. The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration.
CU spinout OnKure, Inc. raises $55 million Series B financing
OnKure, a privately-held biopharmaceutical company developing best-in-class, targeted oncology therapeutics, announced that it has raised $55 million in a Series B financing. Proceeds will be used to advance the Company’s next generation histone deacetylase (HDAC) inhibitors further into clinical development and fund a growing pipeline of earlier stage molecules.
Former Zayo CEO Dan Caruso joins ¾«Æ·SMÔÚÏßӰƬ spinout ColdQuanta primed for scale-up
ColdQuanta, a ¾«Æ·SMÔÚÏßӰƬ spinout company co-founded by Physics Professor Dana Anderson, is a fast-growing startup focused on Cold Atom Quantum Technology, a scalable, versatile, and commercially viable area of quantum tech. Caruso’s involvement with the company began late last year, as he joined as an investor. After additional conversations with the leadership team, Caruso saw an opportunity to help.