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FORMATION BIO
Formation Bio
Biotechnology / Drug discovery · New York, New York · United States · Founded · 2016 · ≈ · 201 · employees

Formation Bio Funding — Last Valued at $1.7B

Private

Formation Bio has raised $372M across 1 funding round. The latest round valued Formation Bio at $1.7B post-money, with a16z on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Formation Bio funding · at a glance
Total raised, all rounds
$372M
sum of disclosed sizes
Funding rounds
1
priced rounds
Latest round
$1.7B
post-money · Jun 2024
Lead on that event
a16z
lead investor
2024
About Formation Bio

Formation Bio raised $372 million in a Series D round led by a16z at a $1.7 billion valuation, with OpenAI CEO Sam Altman among its investors. The funding is aimed at growing its drug pipeline and expanding its AI-driven development platform.

Funding timeline

The Formation Bio funding timeline

1 funding round, the latest highlighted.

2016
Formation Bio founded

Formation Bio was founded in 2016, United States.

JUN 2024LATEST
Series D at $1.7B post-money

A primary round — the company sells new shares to investors it selects. $372M raised, led by a16z.

Valuation basispost-moneyAmount$372MPrice / shareLeada16z
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Formation Bio funding rounds in full

1 dated round, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series D LATEST
Jun 2024
$372M
$1.7Bpost-money
—
a16z
—
Formation Bio · investors

Investors

a16zLEADSSanofiSSequoiaThriveEEmerson CollectiveSSV Angel GrowthFFPV Ventures

Frequently asked questions

Who has invested in Formation Bio?›

Lead investors for each round are in the funding timeline.

Who are Formation Bio's competitors?›

The closest biotechnology / drug discovery peers are on the competitors page.

How can I get exposure to Formation Bio?›

The routes section explains what is realistically available for a company at this stage.

Is Formation Bio publicly traded?›

No. Formation Bio is a private company; its shares do not trade on a public exchange.

What is Formation Bio's valuation?›

The last valuation is $1.7B.

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