Pfizer spin-off takes total fundraising to $228 million

2 April 2019

SpringWorks Therapeutics, the start-up set up by US pharma giant Pfizer (NYSE: PFE) to take forward a number of drug programs, has raised $125 million in a Series B financing.

Launched in 2017 with a $103 million Series A financing, SpringWorks’ latest round takes its total to $228 million, with new investors this time including Boxer Capital of Tavistock Group, HBM Healthcare Investments, BVF Partners, Surveyor Capital, Samsara BioCapital, ArrowMark Partners, GlaxoSmithKline (NYSE: GSK), and Laurion Capital Management.

All of the company’s existing investors - OrbiMed, Bain Capital, Pfizer Ventures and UK-government-backed research charity LifeArc - also participated in the offering.

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