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Synlogic closes $42mm Series C financing

Executive Summary

Synlogic Inc. raised $42mm through a Series C preferred stock financing to first-time backers Aju IB Investment, Ally Bridge Group, Arctic Aurora LifeScience, CLI Ventures, Perceptive Advisors, Rock Springs Capital, and other undisclosed new investors, which were joined by returning shareholders Atlas Venture, Deerfield, New Enterprise Associates, and OrbiMed. The financing was concurrent with the company announcing it is reverse merging with publicly traded Mirna Therapeutics Inc. The funds will enable Synlogic to move its lead metabolic programs through proof-of-concept and also develop early-stage candidates. Leerink Parnters was the placement agent.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Tools
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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