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Series C brings $400mm to Relay Therapeutics

Executive Summary

Relay Therapeutics Inc. (protein motion-based drug discovery; initial focus in oncology) raised $400mm through its Series C round from SoftBank Vision Fund (lead), new investors including Foresite Capital, Perceptive Advisors, and Tavistock Group, and returning backers GV, Casdin Capital, BVF Partners, EcoR1 Capital, Alexandria Venture Investments, and an affiliate of D.E. Shaw Research. This is the second-largest venture round in Strategic Transactions, behind Moderna Therapeutics' $450mm Series C in 2015.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Tools
      • Bioinformatics
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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