Kite flies with $35m

Jun 7, 2013 •

Biotech startup Kite Pharma has raised $35m for cancer-fighting technologies in a series A round backed by a syndicate of investors.

The Los Angeles-based startup announced that it has closed $20m in new funds, as well as converting $15m in outstanding promissory notes into series A preferred stock. Life science VC Alta Partners, VC firm Pontifax and Commercial Street Capital were joined by Kite’s founder Arie Belldegrun and investment firm TPG Group co-founder David Bonderman for the round.

As part…

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