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BioWorld - Saturday, May 10, 2025
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Home » Grail poised to raise $1B in series B, on path to shrugging off subsidiary status
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Grail poised to raise $1B in series B, on path to shrugging off subsidiary status

Jan. 9, 2017
By Omar Ford
Early cancer screening start up Grail Inc. could raise more than $1 billion in a series B round, making it in one of the largest financings in med-tech history. Grail said the funding would be used to develop a blood-based test for cancer screening. In addition, part of the funding would be used to repurchase a portion of Illumina Inc.'s stake in Grail.
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