FogPharma, based in Cambridge, Mass., was founded in 2016 by several scientists including Gregory Verdine, the company’s chairman and CEO, Weiging Zhou, David Lane, and Gerard Hilinski. The company, which was valued at $406 million in November 2022, is developing a new class of drugs designed to treat cancerous tumors that have remained elusive to other approaches.

In November 2022, FogPharma closed a $178 million Series D round led by a group of investors including Arch Venture Partners and Invus.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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To learn more about FogPharma potential IPO

Will FogPharma go IPO?

FogPharma has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is FogPharma’s IPO price?

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When was FogPharma founded?

FogPharma was founded in 2016.

What is FogPharma funding to date?

FogPharma has raised $868.26MM to date.

Who are FogPharma’s major investors?

Casdin Capital
General Catalyst
GV
Ra Capital Management
Arch Venture Partners
Fidelity Management & Research
T. Rowe Price
Horizons Ventures
Foresite Capital
Farallon Capital Management
Rock Springs Capital
Deerfield Management
Cormorant Asset Management
The Invus Group
Samsara Biocapital
venBio
Catalio Capital Management
Sixty Degree Capital
SymBiosis Capital Management
HBM Healthcare Investments
WuXi AppTec
6 Dimensions Capital
Milky Way Investments Group
PagsGroup
Blue Pool Capital
Leerink Partners
Pivotal Life Sciences
Boyu Capital

FogPharma Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
03/01/2024 Series E $145MM $xx.xx $491.9MM Nextech Invest, RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, Alex Gorsky
Price per Share
$xx.xx
Shares Outstanding
23,281,563
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Nextech Invest, RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, Alex Gorsky
11/21/2022 Series D $178MM $xx.xx $406.53MM ARCH Venture Partners, Milky Way Investments, Fidelity, VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, T. Rowe Price, Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, PagsGroup
Price per Share
$xx.xx
Shares Outstanding
16,537,979
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.2x
Dividend Rate
800.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000
Key Investors
ARCH Venture Partners, Milky Way Investments, Fidelity, VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, T. Rowe Price, Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, PagsGroup
03/01/2021 Series C $107MM $xx.xx $262.08MM VenBio Partners, Cormorant Asset Management, Farallon Capital Management, Invus, GV, 6 Dimensions Capital, Deerfield Management, Blue Pool Capital
Price per Share
$xx.xx
Shares Outstanding
7,384,710
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.4x
Dividend Rate
800.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000
Key Investors
VenBio Partners, Cormorant Asset Management, Farallon Capital Management, Invus, GV, 6 Dimensions Capital, Deerfield Management, Blue Pool Capital
05/16/2018 Series B $65.51MM $xx.xx $131.82MM 6 Dimensions Capital, GV, Blue Pool Capital, Horizons Ventures, Nan Fung Group, Lerrink Partners, Deerfield Management, Boyu Capital, WuXi AppTec Corporate Ventures
Price per Share
$xx.xx
Shares Outstanding
4,658,112
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.3x
Dividend Rate
800.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000
Key Investors
6 Dimensions Capital, GV, Blue Pool Capital, Horizons Ventures, Nan Fung Group, Lerrink Partners, Deerfield Management, Boyu Capital, WuXi AppTec Corporate Ventures
05/25/2016 Series A $11.11MM $xx.xx $37.05MM Deerfield Management
Price per Share
$xx.xx
Shares Outstanding
1,434,062
Liquidation Pref Order
5
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
800.0%
Cumulative
Cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Deerfield Management
Updated on: Nov 21, 2024

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