Outsized fundraise shows strength of interest in ElevateBio's pitch

24 May 2023

Boston, USA-based cell and gene therapy incubator ElevateBio has raised $401 million in a series D financing round led by AyurMaya Capital Management Fund.

The largest financing of the year in biotech, the fundraise comes two years after the company attracted over half a billion dollars in series C financing.

The company is seeking to bring forward a new wave of innovation in the sector, supporting technologies including gene editing, induced pluripotent stem cells, and protein, viral, and cellular engineering.

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