About ElevateBio
ElevateBio focuses on biotechnology, specifically in the cell and gene therapy market, by using proprietary technologies like gene editing and induced pluripotent stem cells (iPSC) to develop and manufacture therapies. They collaborate with other biotech companies and healthcare providers, including partnerships with Kyverna Therapeutics and Novo Nordisk, to enhance therapy manufacturing and create treatments for specific diseases. What distinguishes ElevateBio from its competitors is its integrated ecosystem that supports the entire process from discovery to commercialization of therapies. The company's goal is to advance cell and gene therapy by providing effective solutions and fostering innovation in therapeutic development.
Waltham, MassachusettsHeadquarters
2017Year Founded
$1,212MTotal Funding
SERIES_DCompany Stage
Biotechnology, HealthcareIndustries
501-1,000Employees
Risks
New biomanufacturing facilities like BioForge increase competition in cell and gene therapy.
Reliance on large funding rounds may pose financial sustainability challenges for ElevateBio.
Dependence on strategic partnerships could impact revenue if collaborations fail.
Differentiation
ElevateBio integrates R&D and manufacturing for efficient cell and gene therapy commercialization.
The company leverages proprietary technologies like iPSC and gene editing for therapy development.
ElevateBio's partnerships with innovators enhance its portfolio of life-transforming medicines.
Upsides
ElevateBio's $401 million Series D funding boosts its growth and development capabilities.
Partnerships with Novo Nordisk and others expand ElevateBio's market reach and expertise.
The trend towards personalized medicine aligns with ElevateBio's integrated therapy ecosystem.
Funding
Total raised$1.21 B
Latest valuation$2.63 B
StageSERIES_D
SERIES B
2/29/2020$170
$850.00 MSERIES A
5/31/2019$150
$750.00 M