Annexon annexes $75m in series C funding

Dec 21, 2018 • Callum Cyrus

Immunotherapy spinout Annexon Biosciences collected funding from Novartis Venture Fund in a series C round that brought its total funding to $154m.

US-based immunotherapy developer Annexon Biosciences closed a $75m series C round yesterday backed by Novartis Venture Fund, the corporate venturing vehicle owned by pharmaceutical firm Novartis.

Bain Capital Life Sciences, a subsidiary of private equity firm Bain Capital, led the round, which included Surveyor Capital, Adage Capital Partners, New Enterprise Associates (NEA), Satter Investment Management and Blackstone Life Sciences, a subsidiary of investment firm Blackstone.

Founded in 2011 as a Stanford University spinout, Annexon is an immunotherapy developer targeting autoimmune,…

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