Korro Bio
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|
EBITDA | (33.9m) | (55.4m) | (80.9m) | - | - | - |
Profit | (22.0m) | (58.0m) | (81.2m) | (89.4m) | (105m) | (119m) |
EV / EBITDA | - | - | -4.7x | - | - | - |
R&D budget | 23.8m | 42.2m | 57.3m | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Seed | ||
$91.5m | Series A | ||
* |
| $116m | Series B |
$117m | Early VC | ||
* | N/A | N/A | IPO |
* | $70.0m | Private Placement VC | |
Total Funding | $394m |
Related Content
Recent News about Korro Bio
EditKorro Bio is a cutting-edge biotechnology startup focused on developing innovative RNA-based therapies to treat debilitating and life-threatening diseases. The company operates in the biopharmaceutical market, targeting patients who suffer from conditions that currently have limited or no treatment options. Korro Bio's unique approach leverages RNA editing, a method that allows for precise modifications at the RNA level to alter protein function. This technique is considered superior to traditional gene editing and gene therapy because it can make single base edits, which are more accurate and potentially less risky.
The business model of Korro Bio revolves around the discovery, development, and commercialization of these RNA therapies. The company invests heavily in research and development (R&D) to create new treatments based on scientific insights and human genetics. Once a therapy is developed, Korro Bio aims to bring it to market either independently or through partnerships with larger pharmaceutical companies. Revenue is generated through the sale of these therapies, licensing agreements, and potentially through collaborations with other biotech firms.
Korro Bio serves a diverse range of clients, including healthcare providers, hospitals, and patients who are in dire need of new treatment options. The company also collaborates with academic institutions and research organizations to advance its scientific discoveries.
In summary, Korro Bio is at the forefront of RNA editing technology, striving to transform the future of medicine by providing new hope for patients worldwide. The company is driven by a mission to make groundbreaking scientific advancements accessible and effective for those suffering from severe diseases.
Keywords: RNA editing, biotechnology, biopharmaceutical, gene therapy, protein function, healthcare, R&D, innovative treatments, scientific insights, debilitating diseases.