Key Takeaways
- • Prolific Machines announced the initial closing of a $50M Series B2 financing, led by growth-stage fund Atoms & Bits and Nant Capital.
- • The round brings the biotechnology company's total funding to over $100 million, according to the company's announcement as reported by Massinvestor.
- • Nant Capital is the investment organization within a portfolio of private and public health and life sciences companies founded by Patrick Soon-Shiong, M.D.
- • Prolific Machines is developing integrated optogenetics-enabled solutions aimed at biologics development and manufacturing, citing higher yields, on-target quality, and process control.
Summary
The company describes itself as a biotechnology firm advancing biologics development and manufacturing through integrated optogenetics-enabled solutions. It states that these solutions deliver breakthrough yields, superior on-target quality, and precise process control. The financing brings Prolific Machines' total funding to over $100 million.
The primary source does not disclose the total size of the closing beyond the $50 million Series B2 figure, the valuation, or the use of proceeds, and the initial closing suggests additional tranches may follow.
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