Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Biotechnology Unicorns

26 Biotechnology Companies that went to Become Unicorns

If you're building a Biotechnology startup, you must check these 26 companies that have joined the unicorn club.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Being a Biotechnology startup is hard enough, but success is even harder.

There are +700 Unicorns around the world who have reached the $1 billion valuations by raising money from venture capitalists.

If you want to start an online business, you should look for the following 26 Biotechnology companies that achieved unicorn status.

26 Biotechnology Companies that Became Unicorns

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

23andMe

23andMe

23andMe is a genetic testing company that conducts research and sells consumer genomics and biotechnology products.

Details of the startup:

  • Valuation:

    $2.50

    B (

    October 2015

    )

  • Country:

    United States

  • City:

    Sunnyvale

  • Started in:

    2006

  • Founders:

    Anne Wojcicki, Linda Avey, Paul Cusenza

  • Industries:

    Biotechnology, Genetics, Life Science

  • Number of employees:

    500-1,000

  • Funding Amount:

    $868,573,609

  • Number of funding rounds:

    16

  • Number of investors:

    32

here

Alzheon

Alzheon

Alzheon is a biotechnology company developing therapies for brain function, memory and aging.

Details of the startup:

  • Valuation:

    $1.31

    B (

    September 2020

    )

  • Country:

    United States

  • City:

    Lexington

  • Started in:

    2013

  • Founders:

    Martin Tolar

  • Industries:

    Biotechnology, Clinical Trials, Health Care, Health Diagnostics, Therapeutics

  • Number of employees:

    10-50

  • Funding Amount:

    $86,451,115

  • Number of funding rounds:

    7

  • Number of investors:

    3

here

Apeel Sciences

Apeel Sciences

Apeel Sciences is accelerating the preservation of fresh produce with plant-derived shelf life extension technology.

Details of the startup:

  • Valuation:

    $1.00

    B (

    May 2020

    )

  • Country:

    United States

  • City:

    Goleta

  • Started in:

    2012

  • Founders:

    James Rogers

  • Industries:

    Advanced Materials, Agriculture, AgTech, Biotechnology, Waste Management

  • Number of employees:

    250-500

  • Funding Amount:

    $390,100,564

  • Number of funding rounds:

    8

  • Number of investors:

    21

here

Aprogen

Aprogen

Aprogen is a biotechnology company delivering innovative and cost-effective solutions to patients.

Details of the startup:

  • Valuation:

    $1.04

    B (

    May 2019

    )

  • Country:

    South Korea

  • City:

    Seongnam

  • Started in:

    2000

  • Founders:

    No Data

  • Industries:

    Biotechnology

  • Number of employees:

    10-50

  • Funding Amount:

    ₩20,000,000,000

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

ATAI Life Sciences

ATAI Life Sciences

ATAI Life Sciences is a biopharmaceutical company developing clinically-tested therapies for mental illness.

Details of the startup:

  • Valuation:

    $2.00

    B (

    March 2021

    )

  • Country:

    Germany

  • City:

    Munich

  • Started in:

    2018

  • Founders:

    Christian Angermayer, Florian Brand, Lars Christian Wilde, Srinivas Rao

  • Industries:

    Biotechnology, Health Care, Life Science, Therapeutics

  • Number of employees:

    10-50

  • Funding Amount:

    $347,100,000

  • Number of funding rounds:

    8

  • Number of investors:

    31

here

BenevolentAI

BenevolentAI

BenevolentAI is a biopharmaceutical company with an extensive focus on the development of machine learning technologies to accelerate drug discovery.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2015

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2013

  • Founders:

    Brent Gutekunst, Ivan Griffin, Ken Mulvany, Michael Brennan

  • Industries:

    Artificial Intelligence, Big Data, Biotechnology, Machine Learning, Neuroscience

  • Number of employees:

    50-100

  • Funding Amount:

    $292,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    6

here

Biocon Biologics

Biocon Biologics

Biocon is a leading provider of biopharmaceuticals and specializes in research, development, manufacture, and marketing of biosimilars.

Details of the startup:

  • Valuation:

    $4.17

    B (

    January 2021

    )

  • Country:

    India

  • City:

    Bangalore

  • Started in:

    1978

  • Founders:

    Kiran Mazumdar-Shaw

  • Industries:

    Biotechnology

  • Number of employees:

    5,000-10,000

  • Funding Amount:

    ₹24,412,500,000

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Biosplice Therapeutics

Biosplice Therapeutics

Biosplice Therapeutics is developing tissue-level regeneration technologies that will be used in the fields of functional medicine and regenerative medicine.

Details of the startup:

  • Valuation:

    $12.00

    B (

    August 2018

    )

  • Country:

    United States

  • City:

    San Diego

  • Started in:

    2008

  • Founders:

    Osman Kibar

  • Industries:

    Biotechnology, Health Care, Life Science

  • Number of employees:

    50-100

  • Funding Amount:

    $778,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    11

here

Brii Biosciences

Brii Biosciences

Brii Biosciences is a biotechnology company that aims to create new medicine to improve public health.

Details of the startup:

  • Valuation:

    $1.45

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2018

  • Founders:

    Zhi Hong

  • Industries:

    Biotechnology, Health Care, Innovation Management, Pharmaceutical

  • Number of employees:

    No Data

  • Funding Amount:

    $415,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    9

here

Color

Color

Color is a clinical genetics company that makes it possible to streamline the process of gathering genetic data.

Details of the startup:

  • Valuation:

    $1.50

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Burlingame

  • Started in:

    2015

  • Founders:

    Elad Gil, Nish Bhat, Othman Laraki, Taylor Sittler

  • Industries:

    Apps, Biotechnology, Electronic Health Record (EHR), Genetics, Health Care, Software Engineering

  • Number of employees:

    250-500

  • Funding Amount:

    $397,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    34

here

EQRx

EQRx

EQRx is a biotechnology company specializing in turning existing drugs into generic versions with greater clinical utility.

Details of the startup:

  • Valuation:

    $1.23

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    Cambridge

  • Started in:

    2019

  • Founders:

    Alexis Borisy, Peter Bach, Sandra Horning

  • Industries:

    Biotechnology, Health Care, Medical, Pharmaceutical

  • Number of employees:

    100-250

  • Funding Amount:

    $700,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    8

here

Ginkgo Bioworks

Ginkgo Bioworks

Ginkgo Bioworks is an emerging leader in the biological engineering industry to develop custom microbes across industries.

Details of the startup:

  • Valuation:

    $4.20

    B (

    December 2017

    )

  • Country:

    United States

  • City:

    Boston

  • Started in:

    2008

  • Founders:

    Austin Che, Barry Canton, Jason Kelly, Reshma Shetty, Tom Knight

  • Industries:

    Biopharma, Biotechnology, Chemical

  • Number of employees:

    250-500

  • Funding Amount:

    $797,848,100

  • Number of funding rounds:

    9

  • Number of investors:

    33

here

HeartFlow

HeartFlow

HeartFlow is a new revolutionary diagnostic tool. It combines ultrasound imaging and artificial intelligence to non-invasively diagnose and detect myocardial fibrosis, a physical condition of the heart muscle that can lead to heart failure.

Details of the startup:

  • Valuation:

    $1.30

    B (

    December 2017

    )

  • Country:

    United States

  • City:

    Redwood City

  • Started in:

    2007

  • Founders:

    Charles A. Taylor, Christopher K. Zarins

  • Industries:

    Biotechnology, Health Care, Health Diagnostics, Medical

  • Number of employees:

    250-500

  • Funding Amount:

    $577,722,908

  • Number of funding rounds:

    9

  • Number of investors:

    7

here

iCarbonX

iCarbonX

iCarbonX offers a cutting-edge artificial intelligence platform for health data to increase the accuracy of predictions and to build a more predictive healthcare model based on human health data.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2016

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2015

  • Founders:

    Hao Li, Jun Wang, Yingrui Li

  • Industries:

    Artificial Intelligence, Biotechnology, Health Care, Machine Learning

  • Number of employees:

    100-250

  • Funding Amount:

    $200,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    3

here

InSightec

InSightec

InSightec develops and manufactures MR-guided Focused Ultrasound devices for image-guided acoustic surgery. Their technology is based on patented Focused Ultrasound principles, and was designed to replace surgery.

Details of the startup:

  • Valuation:

    $1.30

    B (

    March 2020

    )

  • Country:

    Israel

  • City:

    Tirat Carmel

  • Started in:

    1999

  • Founders:

    Kobi Vortman

  • Industries:

    Biotechnology, Health Care, Manufacturing, Medical Device, Therapeutics

  • Number of employees:

    250-500

  • Funding Amount:

    $496,900,000

  • Number of funding rounds:

    8

  • Number of investors:

    8

here

Intarcia Therapeutics

Intarcia Therapeutics

Intarcia is a biotechnology company focused solely on the development of long-duration therapies to treat chronic diseases.

Details of the startup:

  • Valuation:

    $3.80

    B (

    April 2014

    )

  • Country:

    United States

  • City:

    Hayward

  • Started in:

    1997

  • Founders:

    David Franklin, James M. Ahlers, Thomas Alessi

  • Industries:

    Biotechnology, Health Care, Health Diagnostics, Medical Device, Personal Health

  • Number of employees:

    250-500

  • Funding Amount:

    $1,683,530,937

  • Number of funding rounds:

    22

  • Number of investors:

    26

here

Lyell Immunopharma

Lyell Immunopharma

Lyell Immunopharma is a global biotechnology company committed to improving the lives of people living with cancer.

Details of the startup:

  • Valuation:

    $2.20

    B (

    February 2019

    )

  • Country:

    United States

  • City:

    South San Francisco

  • Started in:

    2018

  • Founders:

    Rick Klausner, Scott Boyken

  • Industries:

    Biotechnology, Health Care, Medical, Pharmaceutical

  • Number of employees:

    100-250

  • Funding Amount:

    $492,999,957

  • Number of funding rounds:

    1

  • Number of investors:

    No Data

here

MGI Tech

MGI Tech

MGI Tech is a technology-driven healthcare provider with an emphasis on exemplary customer service.

Details of the startup:

  • Valuation:

    $5

    B (

    May 2019

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    2016

  • Founders:

    No Data

  • Industries:

    Biotechnology, Health Care, Life Science

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,200,000,000

  • Number of funding rounds:

    3

  • Number of investors:

    7

here

Oxford Nanopore Technologies

Oxford Nanopore Technologies

Oxford Nanopore Technologies, Inc. designs, manufactures, and sells automated reading system and consumables used in the analysis of single molecules.

Details of the startup:

  • Valuation:

    $2.23

    B (

    May 2012

    )

  • Country:

    United Kingdom

  • City:

    Oxford

  • Started in:

    2005

  • Founders:

    Gordon Sanghera, Hagan Bayley, Spike Willcocks

  • Industries:

    Biopharma, Biotechnology, Genetics, Health Diagnostics, Nanotechnology

  • Number of employees:

    250-500

  • Funding Amount:

    £994,637,500

  • Number of funding rounds:

    18

  • Number of investors:

    19

here

Preferred Networks

Preferred Networks

Preferred Networks specializes in building AI-led solutions that automate and optimize your business processes. They build real-world solutions that solve complex industry problems with cutting-edge technologies including deep learning, robotics and advanced analytics.

Details of the startup:

  • Valuation:

    $2.00

    B (

    May 2018

    )

  • Country:

    Japan

  • City:

    Tokyo

  • Started in:

    2014

  • Founders:

    Daisuke Okanohara, Daisuke Okanohara, Morikawa Hiroyuki, Nishitoba Jiro, Toru Nishikawa

  • Industries:

    Artificial Intelligence, Biotechnology, Internet of Things, Machine Learning, Robotics, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $2,052,375,830

  • Number of funding rounds:

    7

  • Number of investors:

    10

here

Rani Therapeutics

Rani Therapeutics

Rani Therapeutics develops oral delivery technology for large molecules, including drugs that treat cancer.

Details of the startup:

  • Valuation:

    $1.00

    B (

    February 2018

    )

  • Country:

    United States

  • City:

    San Jose

  • Started in:

    2012

  • Founders:

    Mir Imran

  • Industries:

    Biotechnology, Pharmaceutical, Therapeutics

  • Number of employees:

    50-100

  • Funding Amount:

    $211,500,000

  • Number of funding rounds:

    6

  • Number of investors:

    17

here

Resilience

Resilience

Resilience is one of the top pharmaceutical outsourcing companies in the world, with a global network of manufacturing nodes and an extensive portfolio of analytical services.

Details of the startup:

  • Valuation:

    No Data

    B (

    -

    )

  • Country:

    United States

  • City:

    La Jolla

  • Started in:

    2020

  • Founders:

    No Data

  • Industries:

    Biopharma, Biotechnology, Life Science, Pharmaceutical

  • Number of employees:

    1-10

  • Funding Amount:

    $800,000,000

  • Number of funding rounds:

    2

  • Number of investors:

    6

here

Roivant Sciences

Roivant Sciences

Roivant Sciences, Inc. is a U.S.-based biopharmaceutical company committed to developing drugs that can make a measurable difference in the lives of patients living with diseases of the central nervous system.

Details of the startup:

  • Valuation:

    $9.09

    B (

    August 2017

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2014

  • Founders:

    Vivek Ramaswamy

  • Industries:

    Biopharma, Biotechnology, Health Care, Pharmaceutical, Product Research

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,893,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    7

here

Tempus

Tempus

Our unique, AI-based technologies have the potential to transform healthcare and significantly advance precision medicine.

Details of the startup:

  • Valuation:

    $8.10

    B (

    March 2018

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2015

  • Founders:

    Eric Lefkofsky

  • Industries:

    Artificial Intelligence, Biotechnology, Health Care, Machine Learning, Medical

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,070,000,000

  • Number of funding rounds:

    11

  • Number of investors:

    10

here

XtalPi

XtalPi

XtalPi is a software development company that takes drug R&D and uses artificial intelligence, machine learning, and artificial neural networks to create compounds that are more effective and cheaper to develop.

Details of the startup:

  • Valuation:

    No Data

    B (

    .

    )

  • Country:

    United States

  • City:

    Cambridge

  • Started in:

    2014

  • Founders:

    Jian Ma, Lipeng Lai, Shuhao Wen

  • Industries:

    Artificial Intelligence, Biotechnology, Pharmaceutical

  • Number of employees:

    50-100

  • Funding Amount:

    $386,401,702

  • Number of funding rounds:

    9

  • Number of investors:

    13

here

Ynsect

Ynsect

Ynsect is a company that delivers innovative solutions for the agro-food and environmental biotechnology industries, by providing biological control products and services.

Details of the startup:

  • Valuation:

    $1.00

    B (

    February 2019

    )

  • Country:

    France

  • City:

    Paris

  • Started in:

    2011

  • Founders:

    Alexis Angot, Antoine Hubert, Fabrice Berro, Jean-Gabriel Levon

  • Industries:

    Agriculture, AgTech, Animal Feed, Biotechnology, Farming, Nutrition

  • Number of employees:

    100-250

  • Funding Amount:

    $399,281,338

  • Number of funding rounds:

    10

  • Number of investors:

    21

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +9,000 other startup founders!