Emerging and High Growth Companies

Deep Genomics in its $180 million Series C financing

Deep Genomics
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

On July 28, 2021, Deep Genomics announced it had completed its $180 million Series C financing round, led by SoftBank Vision Fund 2. The capital raised will help expand the AI Workbench and scale its pipeline to 30 programs. This allows Deep Genomics to embark on a large-scale data generation effort across 100 genes to identify novel targets, mechanisms and preclinical programs. In addition, Deep Genomics plans to advance four programs into the clinic by 2023 and further establish its clinical development capabilities.

Deep Genomics uses AI and machine learning to program and prioritize transformational RNA therapeutics for genetic diseases.

Osler, Hoskin & Harcourt LLP advised Deep Genomics with a team consisting of Chad Bayne, Justin Dharamdial, Theresa Donkor and Tiye Traore (Emerging and High Growth Companies).

Value
$180 million
Date Closed
July 29, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto