Twist Bioscience Lands $20,000,000 New Financing

  • Feed Type
  • Date
    1/19/2016
  • Company Name
    Twist Bioscience
  • Mailing Address
    455 Mission Bay Blvd South San Francisco, CA 94158 USA
  • Company Description
    At Twist Bioscience, our expertise is accelerating science and innovation by leveraging the power of scale. We have developed a proprietary semiconductor-based synthetic DNA manufacturing process featuring a 10,000-well silicon platform capable of producing synthetic biology tools, including genes, oligonucleotide pools and variant libraries.
  • Website
    http://www.twistbioscience.com
  • Transaction Type
    Debt
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Under the terms of the agreement, Twist will be able to draw upon a portion of the loan immediately with the remainder available upon completion of certain business milestones.
  • M&A Terms
  • Venture Investor
    Silicon Valley Bank