# Faze Medicines

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/faze-medicines

- Industry: Biotechnology
- Headquarters: Cambridge, US
- Website: www.fazemed.com
- Total disclosed funding: $31M
- Latest round: Series A (Dec 10, 2020)
- Investors on record: 8

## About

Faze Medicines, Inc. is a biotechnology company focused on developing innovative therapeutic solutions for various health conditions, utilizing advanced research and technology to enhance patient outcomes.Faze Medicines, Inc. was founded in 2020 in Cambridge, US. The company develops groundbreaking therapies aimed at addressing unmet medical needs. Led by CEO Phil Vickers, who has a history in biotech innovation, the company successfully raised USD 30.75 mn in Series A funding in December 2020, with Third Rock Ventures as the lead investor. The funding was achieved with participation from prominent investors including Novartis Venture Fund and Eli Lilly & Company. The company's current valuation stands at USD 88.93 mn.Faze Medicines, Inc. specializes in advancing therapeutic solutions designed to tackle various health challenges. Its core offerings include innovative drug candidates that focus on enhancing treatment protocols within the healthcare sector. The company prioritizes addressing specific medical conditions, ensuring tailored solutions that meet the needs of healthcare providers and patients alike. The company primarily serves clients in North America, Europe, and Asia, aligning its products with regional healthcare requirements and regulations.Faze Medicines, Inc. generates revenue through a model that combines direct sales and strategic partnerships with healthcare providers. The company maintains a structured pricing strategy that includes subscription-based access to ongoing support and product updates. This approach fosters long-term relationships with healthcare institutions, enabling them to leverage the company's therapeutic solutions effectively while ensuring a steady income stream for Faze.Faze Medicines, Inc. is focused on expanding its product pipeline, with plans to launch several new therapeutic candidates aimed at specific health conditions by 2022. The company is also targeting expansion into additional markets in Europe and Asia by 2023, seeking to establish a broader presence in the global healthcare landscape. The recent Series A funding of USD 30.75 mn will be utilized to support these initiatives, driving research, development, and market entry strategies to enhance the company’s growth trajectory.

## Funding rounds

- Series A, Dec 10, 2020, $31M — Novartis Venture Fund, Alexandria Venture Investments, Invus [DUP], Third Rock Ventures, Casdin Capital, AbbVie Ventures, Eli Lilly & Company, Catalio Capital Management

## Investors

- Novartis Venture Fund (https://capitalatlas.ai/funds/novartis-venture-fund) — Series A
- Alexandria Venture Investments (https://capitalatlas.ai/funds/alexandria-venture-investments) — Series A
- Invus [DUP] — Series A
- Third Rock Ventures (https://capitalatlas.ai/funds/third-rock-ventures) — Series A
- Casdin Capital (https://capitalatlas.ai/funds/casdin-capital) — Series A
- AbbVie Ventures (https://capitalatlas.ai/funds/abbvie-ventures) — Series A
- Eli Lilly & Company — Series A
- Catalio Capital Management (https://capitalatlas.ai/funds/catalio-capital-management) — Series A