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Leading cancer centers launch Juno Therapeutics; company gets $120mm through Series A; later adds more

Executive Summary

The Fred Hutchinson Cancer Research Center, Memorial Sloan-Kettering Cancer Center, and Seattle Children’s Research Institute joined forces to launch Juno Therapeutics Inc., a company tasked with developing T cell-based cancer immunotherapies. Arch Venture Partners and the Alaska Permanent Fund (managed by Crestline Investors) are initial investors in the start-up’s concurrent $120mm Series A round.
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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