Foundation Medicine

Company

Investment-firm

Last deal

$13.5M

Amount

Series B

Stage

08.01.2013

Date

3

all rounds

$96.5M

Total amount

Financing round

General

About Company
Foundation Medicine creates personalized cancer therapies using genetic sequencing technology.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2010

Number of employees

Last funding type

Series B

IPO status

Private

Description

The company develops and manufactures genomic profiling products that analyze the tumor genome to identify clinically relevant alterations, expanding the treatment options for patients. They offer a suite of comprehensive genomic profiling assays to match molecular alterations with targeted therapies, immunotherapies, and clinical trials. Foundation Medicine's molecular information platform aims to serve the needs of clinicians, researchers, and drug developers to advance the science of molecular medicine in cancer and improve patient care.
Contacts

Contact Email

Phone number

Social url

Similar Companies
1000

Foundation Medicine New Zealand

Roche Foundation Medicine is a collaboration that aims to advance precision medicine for cancer patients globally.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

Auckland, New Zealand
Kuveda

Kuveda

Kuveda provides oncologists with SaaS-based tools and services for the analysis of cancer patients’ molecular profiles.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Biotechnology, Analytics

Location

San Jose, CA, USA

total rounds

1
KPS Life Sciences

KPS Life Sciences

KPS provides molecular information and diagnostic services for personalized cancer therapies globally.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Biotechnology, Medical

Location

Heidelberg, Germany
Molecular Match

Molecular Match

Molecular Match is a health and wellness company that uses proprietary algorithms to match cancer patients with appropriate therapies.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Health Care, Biotechnology, Wellness

Location

Houston, TX, USA

total rounds

5

total raised

$6.36M
M&A Details
1

Transaction name

Acquired by

Roche

announced date

12.01.2015

price

$2.4B

Financials

Funding Rounds
4
3

Number of Funding Rounds

$96.5M

Money Raised

Their latest funding was raised on 08.01.2013. Their latest investor GV. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
08.01.2013
2
$13.5M
20.09.2012
7
$42.5M
18.10.2011
1
$33.5M
Investments
2
Date 
name 
Lead 
type 
Raised 
Moffitt Cancer Center

Moffitt Cancer Center

Moffitt Cancer Center is a nonprofit cancer treatment and research center.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Location

Tampa, FL, USA

total rounds

2

total raised

$5K
COTA Healthcare

COTA Healthcare

COTA brings clarity to cancer, ensuring a clear path to the right care for everyone affected by the disease.

Sector

Health Care Providers

Subsector

Health Care Services

Keywords

Health Care, Analytics, Biotechnology

Location

New York, NY, USA

total rounds

7

total raised

$109M
Co-Investors
Investors
9
0

Number of lead investors

9

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series A, Series B
No
Series B
No
Series B
GV

GV

GV is a venture capital firm that provides funding to innovative startups in various fields.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Location

Mountain View, CA, USA

count Of Investments

820

count Of Exists

169
Krishna Yeshwant

Krishna Yeshwant

Dr. Krishna Yeshwant is a physician, programmer, and entrepreneur who has been working with GV since its inception. He first joined Google as part of the New Business Development team. Prior to Google he helped start an electronic data interchange company that was acquired by Hewlett-Packard and a network security company that was acquired by Symantec. He also co-authored the business plan for Diagnostics For All, which won both the Harvard Business School and MIT $100k business plan competitions. Previously, Krishna published several book chapters and journal articles in the field of computer-guided surgery, completed research in tissue engineering, and developed and licensed multiple surgical devices. He has worked with the technology transfer offices of MIT, Harvard, and Massachusetts General Hospital. Krishna has a B.S. in computer science from Stanford University. He also earned an M.D. from Harvard Medical School, an MBA from Harvard Business School, and completed his residency at Brigham and Women’s Hospital in Boston, MA where he continues to practice.

current job

GV
GV
Redmile Group

Redmile Group

Redmile Group is a San Francisco-based healthcare investment company.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Health Care, Venture Capital, Financial Services

Location

San Francisco, CA, USA

count Of Investments

143

count Of Exists

16
Roche Venture Fund

Roche Venture Fund

Roche Venture Fund invests in and developing innovative life science companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Location

Basel, Switzerland

count Of Investments

83

count Of Exists

19
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Lexent Bio acquired by Foundation Medicine

Lexent Bio acquired by Foundation Medicine

acquirer

Foundation Medicine
Foundation Medicine

date

12.06.2020

type

Acquisition
Lexent Bio

Lexent Bio

Lexent Bio is revolutionizing cancer diagnosis and treatment with its liquid biopsy technology.

Sector

Pharmaceuticals and Biotechnology

Subsector

Biotechnology

Keywords

Biotechnology, Health Care, Health Diagnostics

Location

San Francisco, CA, USA

total rounds

2

People

Founders
1
Alexis Borisy
Alexis Borisy

Alexis Borisy

Alexis Borisy is the Chairman of the Board of Directors & Co - Founder of Foundation Medicine Inc.He is also a Partner at Third Rock Ventures.Alexis Borisy is a successful biotechnology entrepreneur with 20 years of experience building and operating innovative science-based organizations. Alexis Borisy joined the life sciences venture capital firm Third Rock Ventures in 2009 to focus on the formation, development and strategy of new companies. He co-founded Foundation Medicine and served as the company’s interim CEO through May 2011.Prior to joining Third Rock Ventures, Alexis Borisy founded CombinatoRx in 2000, serving as its Chief Executive Officer and bringing the company public on the NASDAQ. He has raised $750 million in financing and business development deals, and has authored numerous scientific papers and patents. Trained in chemistry and chemical biology at Harvard where he was a Howard Hughes Predoctoral Fellow, Alexis Borisy was honored as the Massachusetts Institute of Technology’s Technology Review Innovator of the Year. He was also chosen as the New England Entrepreneur of the Year in Life Sciences and was honored as a Presidential Scholar.Alexis Borisy’s Undergraduate Degree in Chemistry is from the University of Chicago, and he did his graduate work in the laboratory of Dr. Stuart Schreiber at Harvard University. Alexis Borisy serves on the Board of the Biotechnology Industry Organization, is an Overseer at the Boston Museum of Science, is the Chairman of Forma Therapeutics, and serves on the board of Blueprint Medicines.

current job

Blueprint Medicines
Blueprint Medicines

organization founded

5

Alexis Borisy

Employee Profiles
302

Dymeka Harrison

Chief Commercial Officer

Sanket Agrawal

Sanket Agrawal

Chief BioPharma Business Officer

Bo Piela

Vice president, communications

Suzanne Wong

Senior engagement manager

Steve Berczuk

Senior software engineer

Meagan Montesion

Senior scientist, cancer genomics research

Daniel Gerow

Senior director cloud platform engineering

Liz Molano

People strategy leader

Activity

Recent News
14
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month