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.
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
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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
|
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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
|
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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
|