SG-based Engine Biosciences raises $43m Series A led by Polaris Partners
Jeffrey Lu, Co-Founder and CEO, Engine Biosciences.
May 26, 2021
Singapore and Silicon Valley-based biotech firm Engine Biosciences on Wednesday announced it has raised $43 million (S$57 million) in a Series A round led by US-based healthcare and technology investor Polaris Partners.
The round was joined by private equity firm Invus and an undisclosed institutional investor based in Singapore, the firm said in a statement.
Existing investors that participated in the financing include 6 Dimensions Capital, WuXi AppTec, DHVC, EDBI, Baidu Ventures, Vectr Ventures, Goodman Capital, WI Harper, and Nest.Bio.
Engine Biosciences was co-founded in 2015 by Massachusetts Institute of Technology professors Timothy Lu and James J Collins, University of California San Diego associate professor Prashant Mali, Mayo Clinic associate professor Hu Li, and entrepreneur Jeffrey Lu.