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Hexagon Bio

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A data-driven biotech company developing targeted small molecule therapeutics

Menlo Park, United StatesFounded 2016Biotech & Life Sciences
Valuation $250–500M Last recorded · 2023
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Hexagon Bio and the history behind them.

About Hexagon Bio

Hexagon Bio is a biotechnology startup based in Menlo Park, California, specializing in the discovery and development of new medicines using synthetic biology and data science. The company leverages the significant reductions in DNA sequencing costs to access a vast array of genomic data from thousands of species. Their proprietary algorithm scans these genomes to identify small molecule inhibitors that can target specific proteins known to drive diseases like cancer.

Hexagon Bio's unique synthetic biology platform allows them to quickly produce lead compounds for clinical development. This means they can take the small molecules identified by their algorithm and develop them into potential medicines at a faster rate than traditional methods. The company's team is composed of experts in computational biology, biochemistry, chemistry, and software engineering, all working together to push the boundaries of medical discovery.

Hexagon Bio primarily serves the pharmaceutical and healthcare sectors, focusing on developing treatments for complex diseases that have been challenging to address with existing therapies. Their business model revolves around the discovery and early-stage development of drug candidates, which they can then license to larger pharmaceutical companies for further development and commercialization. This approach allows Hexagon Bio to generate revenue through licensing deals and potential milestone payments as their drug candidates progress through clinical trials.

In summary, Hexagon Bio is at the forefront of using advanced genomic data and synthetic biology to discover new medicines. Their innovative approach and specialized team position them as a key player in the biotech industry, particularly in the field of drug discovery and development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
Menlo Park, United States
Employees
72
Open positions
2
Dealroom signal
70.7/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, DNA, Genetics and genomics, Spinout, Genome Engineering, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Oct 2022 $67M $269M Undisclosed ↗
EARLY VCOther financing Sep 2021 $61M $244M SoftBank · The Column Group · 8VC · Two Sigma Ventures —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Hexagon Bio website traffic

Latest recorded traffic for Hexagon Bio is 3.1K monthly website visits, down 39.2% over the last three months. Hexagon Bio's team grew 10.8% over the past year.

Latest monthly visits3.1K 3-month web change-39.2% 1-year team growth+10.8%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Series A4 investors entered at this stage

Other known investors1 additional known investor

  • Stanford University
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States95.8%
🇨🇦 Canada4.2%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hexagon Bio on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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