GV participated as a new investor, as Harvard's genetic medicine developer Beam Therapeutics completed a round that followed $87m in series A funding last year.
Beam Therapeutics, a US-based genetic medicine spinout of Harvard University, closed a $135m series B round yesterday that included GV, the subsidiary of internet and technology group Alphabet formerly known as Google Ventures.
F-Prime Capital and Eight Roads Ventures, subsidiaries of investment and financial services group Fidelity, also took part in the round, as did Redmile Group, Omega Funds, Cormorant Asset Management, Altitude Life Science Ventures and Arch Venture Partners.
Founded in 2017, Beam is using base editing technology that can precisely edit single base pairs in DNA and RNA to develop genetic treatments for a potentially wide range of diseases.
The company emerged from stealth in May 2018 having secured $87m in a series A round led by F-Prime Capital and backed by Arch Venture Partners. Its shareholders also include pharmaceutical company Editas Medicine, which received a stake as part of a licensing and option…
