Total amount raised
$2.6 Million
Latest funding date
9/1/2022
Location
Halo has successfully raised funds through two Seed rounds, attracting a total of seven investors, including Team Ignite Ventures and Asymmetric Capital Partners. The platform leverages AI-powered matching to connect researchers, startups, and industry partners, accelerating research and development.
Keep reading to explore the intricacies of Halo's fundraising journey and the investors backing this innovative platform.
What Is Halo?
Halo is a private company based in Chicago, Illinois, operating within the B2B, Information Technology, Innovation Management, and Internet sectors. The platform leverages AI-powered matching to connect companies directly with scientists, facilitating research collaborations and accelerating R&D efforts.
With an employee count ranging from 11 to 50, Halo supports various partnership models, including material transfer, equity investment, and technology licensing. The platform is recognized for its efficiency in improving proposal quality, saving time, and expanding networks, making it a valuable tool for industry leaders across multiple sectors.
How Much Funding Has Halo Raised?
- Seed Round
- Amount Raised: USD 2,600,000
- Date: September 2022
- Lead Investors: Asymmetric Capital Partners, Village Global, Anne Wojcicki, AirAngels, Conrad Irwin, Rachel Hepworth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the team, develop additional collaboration features and tools, and expand the network of scientists globally.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform's capabilities and expand its market reach.
Total amount raised: USD 2,600,000. Current valuation: Not publicly disclosed.
Key Investors
- Asymmetric Capital Partners
- Details: Founded by Rob Biederman, Co-founder, Chairman, and former co-CEO of Catalant, a Boston-based marketplace of consultants. Asymmetric Capital Partners is a $105 million fund that invests in innovative startups.
- Investment Focus Areas: Marketplaces, platforms, network effects.
- Notable Investments: Catalant Technologies.
- Village Global
- Details: An early-stage fund backed by tech luminaries, including Jeff Bezos, Bill Gates, and Reid Hoffman. Village Global focuses on investing in early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Various early-stage tech companies.
- Anne Wojcicki
- Details: Co-founder and CEO of 23andMe, a personal genomics and biotechnology company. Anne Wojcicki is a prominent figure in the biotech industry.
- Investment Focus Areas: Health tech, biotech, genomics.
- Notable Investments: 23andMe.
- AirAngels
- Details: An angel group founded by Airbnb alumnus and product expert Lenny Rachitsky. AirAngels focuses on startups founded by or involving former Airbnb employees.
- Investment Focus Areas: Tech startups, innovative product solutions.
- Notable Investments: Various tech startups.
- Conrad Irwin
- Details: Co-founder and CTO of Superhuman, an email client. Conrad Irwin is known for his work in productivity tools and software.
- Investment Focus Areas: Productivity tools, software.
- Notable Investments: Superhuman.
What's Next for Halo?
Halo stands at the cusp of significant growth opportunities, driven by its ability to connect scientists with industry leaders. With a network of 4,000 scientists and partnerships with major companies like Takeda and Bayer, the platform is poised to expand its reach and impact. The recent $2.6 million seed funding will be instrumental in growing the team and developing new collaboration tools.
Future fundraising rounds seem likely as Halo continues to scale, potentially attracting more high-profile investors. However, the company must navigate challenges such as maintaining the quality of collaborations and competing with other R&D platforms. Successfully addressing these issues will be crucial for Halo's sustained growth and innovation in the R&D sector.
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