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Jeff Bezos-backed startup Nautilus Biotechnology set to go public via SPAC at $900M valuation


Jeff Bezos-backed startup Nautilus Biotechnology set to go public via SPAC at $900M valuation
February 9, 2021 at 10:12 am
Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. (Nautilus Photo)
Nautilus Biotechnology, a Seattle-based biotech startup led by Isilon co-founder Sujal Patel, is the latest company to go public using a special purpose acquisition company, or SPAC.
The deal, announced Monday morning, will inject approximately $350 million into Nautilus, which is developing a next-generation platform to analyze the human proteome, or the body’s full set of proteins. It values the company at $900 million.
The company plans to raise $150 million as part of a merger with Arya Sciences Acquisition Corp III, a publicly-traded SPAC sponsored by existing Nautilus investor Perceptive Advisors. As part of the transaction, Nautilus will also reel in $200 million from new and previous backers via private investments in public equity, also know ....

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