Moderna History Part 2 - The Lead Investors

13 investment rounds, 21 investment entities, hundreds of institutional and individual investors, 7 lead investors.

Sasha Latypova

Jun 13, 2023

∙ Paid

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Part 1 of this series is here:

Moderna History, Part 1: The Co-Founders

Sasha Latypova

May 22, 2023

Moderna History, Part 1: The Co-Founders

Thanks to the paid subscribers - I now have a paid access to the Crunch Base database and can do this analysis. For those unfamiliar with how biotech companies or any venture-backed startups get created: typically there is a group of co-founders first. In biotech, that group typically includes the co-inventors of the key intellectual property, and maybe…

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Out of Moderna’s 13 funding rounds 12 were private placements before the IPO, one post-IPO (by MSD capital, Michael Dell’s family office). Moderna has been heavily funded by the US Government and the military biodefense - in total DARPA and BARDA poured in approximately $1.5B in “research grants” out of approximately $5.1B…

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