Thrive Earlier Detection Corp’s $257 Million Series B Financing

Goodwin Procter LLP advised Thrive Earlier Detection Corp. on the deal.

Thrive Earlier Detection Corp completed its $257 million Series B financing.

The round was led by Casdin Capital and Section 32, with participation from new investors Bain Capital Life Sciences, Brown Advisory, Driehaus Capital Management, Intermountain Ventures, Janus Henderson Investors, Lux Capital, Moore Strategic Ventures, Perceptive Advisors, Rock Springs Capital, Sands Capital, funds and accounts advised by T. Rowe Price Associates, Inc., and other undisclosed investors. All of Thrive’s Series A investors returned to participate in the Series B financing.

Thrive Earlier Detection Corp. is a healthcare company focused on incorporating earlier cancer detection into routine medical care to extend and save lives. Thrive is developing CancerSEEK, a liquid biopsy test that is designed to detect many cancers at earlier stages of disease. CancerSEEK will serve as the core of Thrive’s integrated cancer information offering.

The Goodwin team was led by Bill Collins (Picture) and Kingsley Taft and included Stephanie Richards, Brittany Morreale, Josh Tarr and Roseanne Yang.

Involved fees earner: William Collins – Goodwin Procter; Brittany Morreale – Goodwin Procter; Stephanie Richards – Goodwin Procter; Kingsley Taft – Goodwin Procter; Joshua Tarr – Goodwin Procter; Rosanne Yang – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Thrive Earlier Detection Corp.;

Author: Ambrogio Visconti