NEW YORK-- (BUSINESS WIRE)--Schrödinger today announced that several new investors have joined its latest funding round, which was completed with a total raise of $110 million to support continued advancement of the company’s industry-leading computational platform and expansion of its therapeutic pipeline.
New investors include Invus, Pavilion Capital, Oculus co-founder Michael Antonov through his investment fund, Tubus Management, Laurion Capital Management, and others. Previous investors in the round included the Bill and Melinda Gates Foundation Trust, WuXi AppTec’s Corporate Venture Fund, Deerfield Management, Baron, Qiming Venture Partners, and GV (formerly Google Ventures).
“Our platform has been validated again and again across hundreds of targets in real-world drug discovery projects,” said Schrödinger CEO Ramy Farid, Ph.D. “We are committed to leveraging the platform to speed the discovery of new medicines, and we’re delighted to receive such broad support from investors to further our mission.”
The funding will support the advancement of Schrödinger’s wholly-owned drug discovery pipeline and enable continued expansion of the company’s collaborations with biopharma companies worldwide. These partnerships have already led to two FDA-approved oncology drugs, several clinical-stage assets, and more than two dozen additional programs moving through discovery and development.
The investment will also support Schrödinger’s ongoing research and development efforts to extend the reach of its proprietary technology platform, which integrates novel physics-based molecular simulations and machine learning to enable exploration of vastly more chemical space than is possible through traditional drug discovery methods. This expanded and accelerated exploration opens new frontiers for discovery of novel compounds for both therapeutic indications and materials design.
