The NFX Podcast
The NFX Podcast
We believe creating something of true significance starts with seeing things others do not. NFX is a venture firm exclusively focused on pre-seed & seed stage startups.
James CurrierPete FlintOmri Amirav-DroryMorgan BellerGigi Levy-Weiss
PodcastAI
PodcastAI

NFXBio: Inside a Scientist-Founder’s Journey from Pre-Seed to Series D

E136 • Sep 9, 2021 • 27 mins

Key Points

  • Mammoth Biosciences has achieved a valuation of over $1 billion, exemplifying how the NFX strategy of using network effects can significantly scale bio platforms.
  • Mammoth's foundation in CRISPR protein discovery and development has enabled it to build the largest toolbox of CRISPR proteins of any company, leveraging this to create innovative products in diagnostics and therapeutics.
  • The company's rapid growth, with plans to expand from 110 to over 300 employees, is fueled by a commitment to developing products internally and partnering with others to maximize the technology's impact on patient care.

Today, Mammoth Biosciences announced their series C and D at more than a $1B valuation. Mammoth is a startup story that Founders should be following because there is so much to learn from their path from the lab to unicorn status. At no other time in modern history has the need for science to lead our society toward a better future been more apparent and immense. We can meet this need by investing in the next generation of tech-bio companies like Mammoth.

NFX led Mammoth’s Pre-Seed and Seed rounds, co-led the Series A, and has invested in every round including today’s Series D. We even helped them name the company. Mammoth is the poster child for the NFX strategy of using network effects to build bio platforms — this approach to building tech-bio businesses should allow them to get 10x the size of a normal bio company. It’s also a great example of how NFX Bio supports Scientist-Founders as they become great Founders and CEOs after they leave the lab.

Listen in with Omri Drory, head of NFX Bio, and Partner James Currier as they take an inside look with Mammoth’s Co-Founder & CEO Trevor Martin at his journey from idea to unicorn — for the benefit of up-and-coming Scientist-Founders worldwide.

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