Jeff Bezos, Mayo Clinic back anti-aging startup Unity Biotechnology for $116 million
Every once in a while someone in Silicon Valley brings up the possibility of living forever, or at least a really long time, but first were going to need to figure out a way to enjoy all those extra years. Unity Biotechnology is a startup focusing on medicines to help us do that by slowing the effects of age-related diseases. And the company announced it has pulled in a whopping $116 million in Series B financing today some of which came from Amazons Jeff Bezos.
Sometimes your body keeps aging cells around longer. These cells stop dividing after some form of stress,which is an anti-cancer mechanism that keeps damaged cells from dividing and growing out of control. But too much build-up of those types of cells leads to other problems as we age. Unity looks for ways to help your body shed older cells causing inflammation and other diseases linked to aging.
Unity holds a great amount of potential in preventing our bodies from aging as fast and that has perked some of the top investors in science and medicineand is one of the larger private financings in biotech history.
But its not the first time Bezos has invested in biotech. The Amazon CEO placed his bets on Juno Therapeutics back in 2014, through his venture capital arm Bezos Expeditions. Juno is one of the IPO success stories in the biotech world for its breakthrough discoveries in cancer medicine.
TheScottish-based mutual fund Baillie Gifford, which has also invested in several biotech companies, also invested in this round as did Venrock, ARCH Venture Capital, Mayo Clinic and WuXi Pharmaceuticals.
The company also announced it would be placing Keith Leonard the former CEO of KYTHERA Biopharmaceuticals in the role of CEO and that previous CEO and co-founder Nathaniel Ned David will now be Unitys president.