Jeffrey Bluestone recruits a trio of biopharma vets to the startup team at Sonoma — while adding $30M to the launch round
Jeffrey Bluestone’s startup in the Bay Area just added a packet of venture money to its cash reserves. But more importantly, the ex-chief of the Parker Institute for Cancer Immunotherapy recruited several more experienced vets to the executive team that will drive new drugs to conquer autoimmune diseases like diabetes.
On the money side, Sonoma Therapeutics today announced that its syndicate came up with an extra $30 million for the launch round, bringing the total to $70 million. The cash came from a broad group of investors, led by Rick Klausner’s Lyell and ARCH. Here’s the rest of the crew: 8VC, LifeForce Capital, Lilly Asia Ventures Biosciences, Octagon Capital, Alexandria Venture Investments, the JDRF T1D Fund and additional undisclosed investors.