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Incubator/Accelerator
breakoutlabs.org

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Investments

43

Portfolio Exits

3

Partners & Customers

3

About Breakout Labs

Breakout Labs is the Thiel Foundation's newest program. Breakout Labs is reshaping the way early-stage science is funded, so that early-stage companies can advance radical ideas. Venture capital firms want research that can be quickly brought to market, and federal funding offers little room for risky, unproven ideas. Breakout Labs is jumping into this funding gap to energize innovative research.

Breakout Labs Headquarters Location

One Letterman Drive Bldg C, Suite 400

San Francisco, California, 94129,

United States

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Expert Collections containing Breakout Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Breakout Labs in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Latest Breakout Labs News

Breakout Ventures Announces Close of $112.5M Fund II

Dec 10, 2021

Breakout Ventures Announces Close of $112.5M Fund II Fund continues investing in early-stage companies harnessing the power of cells to build solutions in human health and sustainability SAN FRANCISCO, December 9, 2021-- Breakout Ventures, the home for creative bioscience entrepreneurs, today announced the close of its oversubscribed second fund with $112.5M in commitments. Fund II received strong support from existing limited partners including Dolby Family Ventures, Thiel Foundation, GRIDS Capital, S Cubed Capital and deep tech investors Chris & Crystal Sacca, Tony Fadell, Zack Bogue and Matt Ocko. The Fund welcomed new institutional investors including Cortes Capital (Love's Private Equity), Cupola Funds managed by AMG National Trust, university and foundation endowments, and a leading bank. Breakout Ventures will continue to back Seed through Series A-stage companies in creative biosciences where biology, chemistry and technology converge to scale solutions in human health and sustainability. “Cells are the engine of the next decade as humans can now partner with biology in surprising ways,” said Lindy Fishburne, Managing Partner of Breakout Ventures. “With biology and chemistry being driven by computation, high-throughput science is enabling faster, stronger, smarter companies built by incredible talent.” The firm invests across the intersections of technology and biology in diverse areas such as: computation-driven discovery and diagnostic platforms, synthetic biology, cell and gene therapy, biodefense, biomanufacturing and carbon transformation. Fund I investments include Immusoft, which is genetically modifying B cells to create sustained therapeutics in the body, and Checkerspot, a company using synthetic biology and chemistry to produce novel bio-derived oils. Other investments in Fund I include Strateos, Cytovale, Ecovative and Twelve. Breakout Ventures has already begun deploying capital from Fund II with investments in single-cell analysis (CellChorus), synthetic biology enabling green chemistry (Zymochem) and reprogramming the tumor microenvironment (Parthenon Therapeutics). “We invest where a novel hypothesis and scientific breakthrough converge with a high-value market,” said Julia Moore, Managing Partner of Breakout Ventures. “We are inspired by the ingenuity of our founders and their ability to validate and commercialize new science. We’ve spent years investing early and meaningfully partnering with our portfolio companies through the highs and lows of venture-building.” In addition to Managing Partners, Lindy Fishburne and Julia Moore, the team includes, Dr. Dana Watt, PhD, Dr. Nima Ronaghi PhD and Renee Shenton to lead community building. “Breakout Ventures has been a true partner when it comes to distilling complex issues and ensuring the company is on a successful path,” said Ajay Shah, CEO of portfolio company, Cytovale. “Breakout’s experience investing in our space along with their network of founders, corporate partners, and expert advisors helps us see around corners at critical moments.” As founders of Breakout Labs at the Thiel Foundation, the Breakout team has spent a decade investing in and coalescing the ecosystem for early-stage, deep science companies. Breakout Labs was founded in 2011 to support these start-ups at a time when there was little infrastructure or investment available to move science startups from lab to commercial viability. The Breakout Labs portfolio has gone on to raise over $1B in follow-on capital and grants. To learn more about Breakout Ventures, please visit: https://www.breakout.vc/. About Breakout Ventures Breakout Ventures is the home for creative bioscience entrepreneurs. We invest in early stage companies harnessing the power of cells to build solutions in human health and sustainability. Our team has spent the last decade supporting science-driven companies moving with urgency. We partner with bold founders throughout the entire life cycle, from seed to scale. Breakout Ventures was founded in 2016 and is based in San Francisco, CA. Breakout Ventures. Building a future powered by science. Contact:

Breakout Labs Investments

43 Investments

Breakout Labs has made 43 investments. Their latest investment was in Napigen as part of their Seed VC on July 7, 2022.

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Breakout Labs Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/12/2022

Seed VC

Napigen

$7.85M

Yes

4

1/1/2019

Seed

Glyscend

Yes

1

8/10/2018

Convertible Note - III

Pelitex Inc.

Yes

1

10/16/2017

Seed

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$99M

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10

9/19/2017

Seed VC

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$99M

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10

Date

7/12/2022

1/1/2019

8/10/2018

10/16/2017

9/19/2017

Round

Seed VC

Seed

Convertible Note - III

Seed

Seed VC

Company

Napigen

Glyscend

Pelitex Inc.

Subscribe to see more

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Amount

$7.85M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

4

1

1

10

10

Breakout Labs Portfolio Exits

3 Portfolio Exits

Breakout Labs has 3 portfolio exits. Their latest portfolio exit was 3Scan on June 03, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/3/2019

Merger

$99M

1

5/9/2019

IPO

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$99M

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10

12/2/2013

Acquired

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$99M

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10

Date

6/3/2019

5/9/2019

12/2/2013

Exit

Merger

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

Breakout Labs Partners & Customers

3 Partners and customers

Breakout Labs has 3 strategic partners and customers. Breakout Labs recently partnered with Science Exchange on December 12, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

12/18/2017

Partner

United States

Breakout Labs Partner with Science Exchange to Empower its Portfolio Companies with External Research Innovation

Science Exchange , the world 's leading and most secure enterprise platform for outsourced research and development , today announced a strategic partnership with Breakout Labs , a fund within the Thiel Foundation that backs scientist-entrepreneurs working at the intersections of technology , biology , materials , and energy .

4

7/26/2016

Partner

United States

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10

3/25/2014

Partner

United Kingdom

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10

Date

12/18/2017

7/26/2016

3/25/2014

Type

Partner

Partner

Partner

Business Partner

Country

United States

United States

United Kingdom

News Snippet

Breakout Labs Partner with Science Exchange to Empower its Portfolio Companies with External Research Innovation

Science Exchange , the world 's leading and most secure enterprise platform for outsourced research and development , today announced a strategic partnership with Breakout Labs , a fund within the Thiel Foundation that backs scientist-entrepreneurs working at the intersections of technology , biology , materials , and energy .

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Sources

4

10

10

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