Bitterroot Bio comes out of stealth with $145 million financing
California, USA-based biotech start-up Bitterroot Bio has emerged from stealth with a $145 million Series A financing.
The financing round was co-led by ARCH Venture Partners and Deerfield Management with participation from GV, Koch Disruptive Technologies, Alexandria Venture Investments, and others.
The company, founded in 2021 but announced publicly yesterday, is focused on developing and delivering innovative therapeutics that harness the power of immune modulation to treat cardiovascular disease, which is the leading cause of death worldwide. The name was inspired by the firm’s co-founders’ connections to the Bitterroot mountains and river in Montana.
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