Skip to main content
Premium Trial:

Request an Annual Quote

Twist Bioscience Closes $61M Series D Round, Secures $20M Debt Facility

NEW YORK (GenomeWeb) – Private DNA synthesis firm Twist Bioscience said today that it has closed a $61 million Series D round of financing with a group of existing and new investors.

Investors included Arch Overage Fund, Merieux Developpement, Cormorant Asset Management, Fidelity Management and Research Company, and Foresite Capital Management. Other investors included Arch Venture Partners, WuXi Healthcare Ventures, Illumina, Nick and Joby Pritzker, Paladin Capital Group, Yuri Milner, and Boris Nikolic.

The latest financing round comes about six months after Twist completed a $37 million Series C round. Since its inception in 2013, the company has raised a total of $133 million.

Twist also said that it has secured a debt facility of up to $15 million with an additional $5 million revolving account receivable line of credit through Silicon Valley Bank. The company is able to draw upon an undisclosed portion of the loan immediately, with additional money available upon the completion of certain business milestones.

"To date, we have shipped 65 million base pairs of DNA to more than 100 customers through our high-fidelity, high-throughput gene fabrication," Twist CEO Emily Leproust said in a statement. "We will continue to leverage the power of scale afforded by our proprietary silicon-based DNA synthesis platform, targeting a beta launch in early 2016."

Leproust added that using the financing, Twist intends "to build on our strong foundation of delivering high-quality, high-throughput DNA faster and cheaper, taking the next step to vertically integrate into advanced research and development in multiple market segments with existing relationships in industrial chemicals and data storage, and additional partnerships expected in the pharmaceutical industry and other markets that incrementally extend the reach of our innovative production methods."

The Scan

New Study Investigates Genomics of Fanconi Anemia Repair Pathway in Cancer

A Rockefeller University team reports in Nature that FA repair deficiency leads to structural variants that can contribute to genomic instability.

Study Reveals Potential Sex-Specific Role for Noncoding RNA in Depression

A long, noncoding RNA called FEDORA appears to be a sex-specific regulator of major depressive disorder, affecting more women, researchers report in Science Advances.

New mRNA Vaccines Offer Hope for Fighting Malaria

A George Washington University-led team has developed mRNA vaccines for malaria that appear to provide protection in mice, as they report in NPJ Vaccines.

Unique Germline Variants Found Among Black Prostate Cancer Patients

Through an exome sequencing study appearing in JCO Precision Oncology, researchers have found unique pathogenic or likely pathogenic variants within a cohort of Black prostate cancer patients.