BioNTech raises mammoth $270M A round, nearing $1B mark as investors continue a love affair with mRNA
Of all the startups on both continents over the past decade, few could rival the growth of BioNTech after it got started with seed cash back in 2008. The mRNA company has funded much of its rapid expansion with partnership cash, reaching more than 700 staffers at the end of 2017 with the considerable support of some big alliances with the likes of Genentech and Sanofi and Genmab.
Until today.
This morning the Mainz, German-based biotech took the wraps off a mega-raise of $270 million — an ‘A’ round designed to complete the rapid ramp-up of its considerable manufacturing operations as it looks to advance an early-stage personalized mRNA cancer vaccine designed to mob the antigens of individual patients.
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