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Redmile Group

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 176
Average round size
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The average size of a deal this fund participated in
$92M
Portfolio companies 121
Rounds per year 10.35
Lead investments 32
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits 71
Key employees 4
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Pharmaceutical
Summary

In 2007 was created Redmile Group, which is appeared as VC. The leading representative office of defined VC is situated in the San Francisco. The venture was found in North America in United States.

Among the most popular fund investment industries, there are Pharmaceutical, Biotechnology. The fund has no exact preference in some founders of portfolio startups. If startup sums 4 of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline Audentes Therapeutics, Foundation Medicine, Afferent Pharmaceuticals Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

The usual cause for the fund is to invest in rounds with 6-7 partakers. Despite the Redmile Group, startups are often financed by MPM Capital, Third Rock Ventures, Versant Ventures. The meaningful sponsors for the fund in investment in the same round are Fidelity Management and Research Company, Samsara BioCapital, Rock Springs Capital. In the next rounds fund is usually obtained by Deerfield, Wild Basin Investments, Three Leaf Ventures.

Deals in the range of 50 - 100 millions dollars are the general things for fund. The fund is constantly included in 7-12 investment rounds annually. This Redmile Group works on 19 percentage points more the average amount of lead investments comparing to the other organizations. When the investment is from Redmile Group the average startup value is 100-500 millions dollars. The high activity for fund was in 2019. Speaking about the real fund results, this VC is 8 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2019.

Besides them, we counted 4 critical employees of this fund in our database.

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These funds have a tendency to invest in the following rounds after Redmile Group:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

AgomAb Therapeutics

Biotechnology
Health Care
Therapeutics
$111M11 Oct 2023 Ghent, East Flanders, Belgium

Star Therapeutics

$90M05 Sep 2023 South San Francisco, California, United States

Abcuro

Biotechnology
Health Care
Medical
Therapeutics
$155M17 Aug 2023 Newton, Massachusetts, United States

ADARx Pharmaceuticals

Biotechnology
Health Care
Medical
Pharmaceutical
$200M09 Aug 2023 San Diego, California, United States

Boundless Bio

Biotechnology
Health Care
Life Science
Therapeutics
$100M16 May 2023 San Diego, California, United States

Orbital Therapeutics

Biotechnology
$270M26 Apr 2023 -

Escient Pharmaceuticals

Biotechnology
Pharmaceutical
$120M28 Nov 2022 San Diego, California, United States

Neuron23

Health Care
Medical
$100M30 Mar 2022 San Francisco, California, United States

Electra Therapeutics

Biotechnology
Health Care
Medical
$84M16 Feb 2022 San Francisco, California, United States
News
Zentera Therapeutics Raises $75M in Series b Funding

– Zentera Therapeutics, a Shanghai, China-based clinical-stage biopharmaceutical company, raised $75M in Series B funding.
– The round was led by OrbiMed Advisors Asia and Tybourne Capital Management with participation from Avidity Partners, Casdin Capital, Surveyor Capital, Farallon Capital Management, Lilly Asia Ventures, Logos Capital, Perceptive Advisors, Redmile Group and Viking Global Investors.
– The company intends to use the funds to advance the development of three Zentalis-discovered oncology clinical candidates as well as business development for future pipeline additions in China.

Prime Medicine Raises $315M in Funding

– Prime Medicine is a Cambridge MA-based biotechnology company developing gene editing technology.
– The company raised $115M in Series A funding and $200M in Series B funding.
– The Series A round was led by ARCH Venture Partners with participation from F-Prime Capital, GV, and Newpath Partners.
– The Series B included all Series A investors, plus Casdin Capital with participation from Cormorant Asset Management, Moore Strategic Ventures, Public Sector Pension Investment Board, Redmile Group and Samsara BioCapital.

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Total investments 176
Average round size 92M
Rounds per year 10.35
Peak activity year 2021
Lead investments 32
Follow on index 0.31
Exits 71
Group Appearance index 0.97

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

AgomAb Therapeutics

Biotechnology
Health Care
Therapeutics
$111M11 Oct 2023 Ghent, East Flanders, Belgium

Star Therapeutics

$90M05 Sep 2023 South San Francisco, California, United States

Abcuro

Biotechnology
Health Care
Medical
Therapeutics
$155M17 Aug 2023 Newton, Massachusetts, United States

ADARx Pharmaceuticals

Biotechnology
Health Care
Medical
Pharmaceutical
$200M09 Aug 2023 San Diego, California, United States

Boundless Bio

Biotechnology
Health Care
Life Science
Therapeutics
$100M16 May 2023 San Diego, California, United States

Orbital Therapeutics

Biotechnology
$270M26 Apr 2023 -

Escient Pharmaceuticals

Biotechnology
Pharmaceutical
$120M28 Nov 2022 San Diego, California, United States

Neuron23

Health Care
Medical
$100M30 Mar 2022 San Francisco, California, United States

Electra Therapeutics

Biotechnology
Health Care
Medical
$84M16 Feb 2022 San Francisco, California, United States
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