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LSP Portfolio Company DNA Script Raises $165M in Oversubscribed Series C Financing



New Funding, Targeted to Accelerate Application Expansion and Platform Commercialization, Brings Total Amount Raised to Date to $310M

 

Amsterdam, The Netherlands, 26 October 2021— LSP 6 portfolio company DNA Script, a pioneer in Enzymatic DNA Synthesis (EDS) and DNA printing on demand, today announced it has raised $165 million in a Series C financing led by Coatue Management and Catalio Capital Management, whose representatives joined as Board observers. New investors Fidelity Management and Research, Columbia Threadneedle, Arrowmark, Farallon and Moore Strategic Ventures joined the round. Existing investors Casdin Capital, LSP, Illumina Ventures, Bpifrance Large Venture, Danaher Life Sciences, Agilent, M Ventures, Kurma Partners and Alexandria Real Estate Equities also participated in the round, bringing the total amount raised to date by the company to $310 million. The new funds will be used to accelerate applications expansion and commercialization of the company’s revolutionary SYNTAX Platform and broaden the portfolio of products powered by EDS.

 

DNA Script announced last June the targeted release of the benchtop SYNTAX System instrument, software, and reagent and consumables kit. The Platform provides in-house DNA printing – without using toxic organic chemicals or extended delivery wait times from third-party DNA service providers – for labs of all sizes. The fully automated instrument sets up in 15 minutes and within a few hours produces up to 96 oligos immediately ready for use in genomics and molecular biology research. The SYNTAX platform enables efficiency and control over workflows, making labs more productive to accelerate innovation.

 

“As we have seen with the success of COVID mRNA vaccines, we believe the next wave of life sciences will be an engineering and technology-based approach. We think DNA Script has changed the landscape with SYNTAX by replacing chemical processes with a plug-and-play technology that custom prints DNA on your lab bench,” said Aaron Weiner, Managing Director and Head of Healthcare at Coatue Management. “We believe DNA printers have the potential to become as ubiquitous as sequencers and microscopes.”

 

“DNA Script’s DNA printing platform, enabled by their Enzymatic DNA Synthesis (EDS) technology, is a game changer we believe will be a driving force in revolutionizing personalized medicine and more,” continued George Petrocheilos, Co-Founder & Managing Partner of Catalio Capital Management. 

 

“DNA Script believes that the next industrial revolution will be driven by life science and biology, and we started the company with a vision to accelerate that bio-revolution, to drive life science breakthroughs by giving researchers same-day DNA access and control via EDS. Toward that end we launched the first instrument on the SYNTAX Platform earlier this year. The tremendous support we’ve received from the investment community validates our vision and will fuel our portfolio of continued innovation,” said Thomas Ybert, co-founder and CEO of DNA Script. “We’re excited to have such a strong syndicate of long-term investors that will help us grow the company, as we plan to aggressively expand the company by hiring over a hundred personnel. This expansion of talent and resources will enable us to execute on EDS technology’s promise and our ambitious goals to drive DNA-on-demand further on the path to revolutionize life science research as well as personalized medicine.”

 

About DNA Script
Founded in 2014, DNA Script is a pioneering life sciences technology company developing a new, faster, more powerful and versatile way to design and manufacture nucleic acids. The company has developed an alternative to traditional DNA synthesis called Enzymatic DNA Synthesis, or EDS, allowing this technology to be accessible to labs with the first benchtop enzymatic synthesis instrument, the SYNTAX System. By putting DNA synthesis back in the lab, DNA Script aims to transform life sciences research through innovative technology that gives researchers unprecedented control and autonomy.  www.dnascript.com.

 

About LSP
LSP is one of the largest European investment firms providing financing for life sciences and health care companies. LSP’s management has raised over €2.7 billion ($3.2 billion) and supported the growth of 300 companies since it started to invest in 1988, including signature deals such as argenx, Crucell and Neuravi. With offices in Amsterdam, Munich and Boston, LSP currently has the possibility to invest through five strategies, each having a distinctive investment scope and a dedicated team: LSP 7 invests in private early- to late-stage drug development and medical technology companies; LSP HEF 2 focuses on private late-stage medical technology companies; the LSP Dementia Fund invests in companies targeting neurodegenerative diseases; LSP Public targets public healthcare companies; and EBAC is the first healthcare SPAC to exclusively focus on European biotech. LSP is an active contributor to the global life sciences industry and the European life science eco-system by assuming for-profit and not-for-profit roles as initiators, founders and board members in various private and public bodies and organizations, for example being founder and board member of the Oncode Institute. For more information: lspvc.com.
 
 
For more information please contact:
 
Joachim Rothe, Managing Partner at LSP
webgur@yfcip.pbz
+49 (0) 89 120 850 90
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No Yes Ok

LSP Portfolio Company DNA Script Raises $165M in Oversubscribed Series C Financing



New Funding, Targeted to Accelerate Application Expansion and Platform Commercialization, Brings Total Amount Raised to Date to $310M

 

Amsterdam, The Netherlands, 26 October 2021— LSP 6 portfolio company DNA Script, a pioneer in Enzymatic DNA Synthesis (EDS) and DNA printing on demand, today announced it has raised $165 million in a Series C financing led by Coatue Management and Catalio Capital Management, whose representatives joined as Board observers. New investors Fidelity Management and Research, Columbia Threadneedle, Arrowmark, Farallon and Moore Strategic Ventures joined the round. Existing investors Casdin Capital, LSP, Illumina Ventures, Bpifrance Large Venture, Danaher Life Sciences, Agilent, M Ventures, Kurma Partners and Alexandria Real Estate Equities also participated in the round, bringing the total amount raised to date by the company to $310 million. The new funds will be used to accelerate applications expansion and commercialization of the company’s revolutionary SYNTAX Platform and broaden the portfolio of products powered by EDS.

 

DNA Script announced last June the targeted release of the benchtop SYNTAX System instrument, software, and reagent and consumables kit. The Platform provides in-house DNA printing – without using toxic organic chemicals or extended delivery wait times from third-party DNA service providers – for labs of all sizes. The fully automated instrument sets up in 15 minutes and within a few hours produces up to 96 oligos immediately ready for use in genomics and molecular biology research. The SYNTAX platform enables efficiency and control over workflows, making labs more productive to accelerate innovation.

 

“As we have seen with the success of COVID mRNA vaccines, we believe the next wave of life sciences will be an engineering and technology-based approach. We think DNA Script has changed the landscape with SYNTAX by replacing chemical processes with a plug-and-play technology that custom prints DNA on your lab bench,” said Aaron Weiner, Managing Director and Head of Healthcare at Coatue Management. “We believe DNA printers have the potential to become as ubiquitous as sequencers and microscopes.”

 

“DNA Script’s DNA printing platform, enabled by their Enzymatic DNA Synthesis (EDS) technology, is a game changer we believe will be a driving force in revolutionizing personalized medicine and more,” continued George Petrocheilos, Co-Founder & Managing Partner of Catalio Capital Management. 

 

“DNA Script believes that the next industrial revolution will be driven by life science and biology, and we started the company with a vision to accelerate that bio-revolution, to drive life science breakthroughs by giving researchers same-day DNA access and control via EDS. Toward that end we launched the first instrument on the SYNTAX Platform earlier this year. The tremendous support we’ve received from the investment community validates our vision and will fuel our portfolio of continued innovation,” said Thomas Ybert, co-founder and CEO of DNA Script. “We’re excited to have such a strong syndicate of long-term investors that will help us grow the company, as we plan to aggressively expand the company by hiring over a hundred personnel. This expansion of talent and resources will enable us to execute on EDS technology’s promise and our ambitious goals to drive DNA-on-demand further on the path to revolutionize life science research as well as personalized medicine.”

 

About DNA Script
Founded in 2014, DNA Script is a pioneering life sciences technology company developing a new, faster, more powerful and versatile way to design and manufacture nucleic acids. The company has developed an alternative to traditional DNA synthesis called Enzymatic DNA Synthesis, or EDS, allowing this technology to be accessible to labs with the first benchtop enzymatic synthesis instrument, the SYNTAX System. By putting DNA synthesis back in the lab, DNA Script aims to transform life sciences research through innovative technology that gives researchers unprecedented control and autonomy.  www.dnascript.com.

 

About LSP
LSP is one of the largest European investment firms providing financing for life sciences and health care companies. LSP’s management has raised over €2.7 billion ($3.2 billion) and supported the growth of 300 companies since it started to invest in 1988, including signature deals such as argenx, Crucell and Neuravi. With offices in Amsterdam, Munich and Boston, LSP currently has the possibility to invest through five strategies, each having a distinctive investment scope and a dedicated team: LSP 7 invests in private early- to late-stage drug development and medical technology companies; LSP HEF 2 focuses on private late-stage medical technology companies; the LSP Dementia Fund invests in companies targeting neurodegenerative diseases; LSP Public targets public healthcare companies; and EBAC is the first healthcare SPAC to exclusively focus on European biotech. LSP is an active contributor to the global life sciences industry and the European life science eco-system by assuming for-profit and not-for-profit roles as initiators, founders and board members in various private and public bodies and organizations, for example being founder and board member of the Oncode Institute. For more information: lspvc.com.
 
 
For more information please contact:
 
Joachim Rothe, Managing Partner at LSP
webgur@yfcip.pbz
+49 (0) 89 120 850 90
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