How Much Did Basecamp Research Raise? Funding & Key Investors

Basecamp Research has successfully raised funding over two rounds, with the latest being a Series B. The company is backed by a total of 12 investors, including notable names such as redalpine and Singular.

Basecamp Research's innovative platform, EDEN, leverages the world's largest and most diverse evolutionary metagenomics dataset to design therapeutics that address diverse disease areas. Keep reading to explore the intricacies of Basecamp Research's fundraising journey and the investors backing this groundbreaking platform.

What Is Basecamp Research?

Basecamp Research, founded by Glen Gowers, PhD, and Oliver Vince, PhD, is a biotechnology company based in London, England. The company operates at the intersection of biotechnology and artificial intelligence, leveraging their extensive evolutionary metagenomics dataset to design innovative therapeutics.

With a team of 11-50 employees, Basecamp Research is dedicated to exploring and expanding the boundaries of biological knowledge. Their flagship platform, EDEN-AI™, utilizes advanced AI models to address diverse disease areas, making significant strides in the fields of bioinformatics, machine learning, and sustainability.

How Much Funding Has Basecamp Research Raised?

1. Series A
   • Amount Raised: USD 19,800,000
   • Date: December 2022
   • Lead Investors: Systemiq Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To leverage their knowledge of the natural world to create better medicines, food, and products.
2. Series B
   • Amount Raised: USD 60,000,000
   • Date: October 2024
   • Lead Investors: Singular
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale data collection efforts, grow the foundational dataset, and enhance AI capabilities for protein discovery.

Total Amount Raised: USD 79,800,000. Current Valuation: Not publicly disclosed.

Key Investors

• Singular
  • Details: Singular is a venture capital firm known for investing in technology and innovation-driven companies.
  • Investment Focus Areas: Technology, AI-driven technologies, data quality tools.
  • Notable Investments: Soda (AI-driven data quality tools).
• Systemiq Capital
  • Details: Systemiq Capital is a venture capital firm that focuses on sustainable investments and innovative solutions.
  • Investment Focus Areas: Sustainability, technology, life sciences.
  • Notable Investments: Not publicly disclosed.
• Redalpine
  • Details: Redalpine is a venture capital firm specializing in early-stage investments in technology and life sciences.
  • Investment Focus Areas: Technology, life sciences, early-stage startups.
  • Notable Investments: Not publicly disclosed.
• True Ventures
  • Details: True Ventures is a venture capital firm that invests in early-stage technology startups.
  • Investment Focus Areas: Technology, early-stage startups.
  • Notable Investments: Not publicly disclosed.
• Hummingbird Ventures
  • Details: Hummingbird Ventures is a venture capital firm focused on early-stage technology companies.
  • Investment Focus Areas: Technology, early-stage startups.
  • Notable Investments: Not publicly disclosed.

What's Next for Basecamp Research?

Basecamp Research stands at the cusp of significant opportunities, driven by its collaboration with the Broad Institute of MIT and Harvard. The company aims to expand its foundational dataset and develop new AI models for protein discovery, positioning itself as a leader in the creation of programmable genetic medicines. This expansion could potentially revolutionize the biotech industry, offering unprecedented insights and solutions.

With the recent $60 million Series B funding, Basecamp Research is well-poised for future fundraising opportunities. The successful round, led by Singular, underscores investor confidence and sets the stage for further financial backing as the company scales its operations and research capabilities. However, challenges such as addressing the fundamental data gap in biotech and ensuring the accuracy of AI models remain. Navigating these hurdles will be crucial for sustained growth and innovation.

Use Clay to Get Funding Data

Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Basecamp Research and gather other critical business insights. Sign up for free to start transforming your sales strategy today.