iZumi Bio
Induced pluripotent stem cell (iPS) therapeutics developer
About iZumi Bio
iZumi Bio, Inc. was a biotechnology firm specializing in induced pluripotent stem cell (iPS) technology to develop new therapeutics. Founded in 2007 and based in South San Francisco, California, the company focused on creating patient-specific cell lines for drug discovery and regenerative medicine. Its primary goal was to industrialize iPS technology for cellular reprogramming and directed differentiation of patient cells. The company had two main areas of focus: developing novel stem cell lines as alternatives to animal models in drug discovery and engineering these cells to treat neurodegenerative disorders.
The company's scientific team included notable researchers like John T. Dimos, Ph.D., whose work involved differentiating iPS cells from ALS patients into motor neurons. Thane Kreiner, Ph.D., served as the President and CEO, and John Walker later took on the CEO role. iZumi Bio secured $20 million in a Series A funding round in April 2009 from investors including Highland Capital Partners and Kleiner Perkins Caufield & Byers. In July 2009, iZumi Bio merged with Pierian to form iPierian, which was subsequently acquired by Bristol Myers Squibb in 2014.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2009 | $0 | — | iPierian | — |
| SERIES A✓Equity / VC | Apr 2009 | $20M | $80M | Kleiner Perkins · Highland Capital Partners | — |
Growth signals
Latest recorded traffic for iZumi Bio is 150 monthly website visits. iZumi Bio's team grew 129.3% over the past year.
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Investors
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Series A2 investors entered at this stage
Other known investors1 additional known investor
iPierian
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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