Variant Bio

Variant Bio

Biotechnology firm developing genetic therapies

About Variant Bio

Simplify's Rating
Why Variant Bio is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

11-50

Company Stage

Series B

Total Funding

$129.7M

Headquarters

Seattle, Washington

Founded

2018

Overview

Variant Bio focuses on drug discovery and development in the healthcare sector by studying the genes of individuals with exceptional health traits. This research helps them understand disease resistance, which they use to create therapies aimed at enhancing global health. Their products are targeted at healthcare providers and patients, particularly those with diseases that can be treated through genetic therapies. Unlike many competitors, Variant Bio emphasizes an ethical approach to genomics, ensuring respect for the privacy and cultures of the populations they study, and they implement benefit-sharing programs to acknowledge the contributions of these communities. The company's goal is to improve global health through the commercialization of their genetic therapies.

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Simplify's Take

What believers are saying

  • Partnership with Novo Nordisk could lead to significant advancements in metabolic disease treatments.
  • Collaboration with Evotec aims to develop innovative fibrosis treatments.
  • Growing interest in personalized medicine aligns with Variant Bio's genetic therapy approach.

What critics are saying

  • Potential backlash from Indigenous communities over data usage and benefit-sharing.
  • Increased competition from companies like 23andMe and Helix in genomics research.
  • Regulatory scrutiny over genetic data usage and international collaborations.

What makes Variant Bio unique

  • Variant Bio uses unique genetic insights from diverse populations for drug development.
  • The company has a strong ethical focus on benefit-sharing with Indigenous communities.
  • Their VB-Inference platform leverages machine learning for advanced genomic analysis.

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Funding

Total Funding

$129.7M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$105M
Variant Bio

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

4%
World of Software
Jan 12th, 2025
Drug Company to Share Revenues With Indigenous People Who Donated Their Genes

On Tuesday, his company, Variant Bio, based in Seattle, announced a $50 million collaboration with the drugmaker Novo Nordisk to develop drugs for metabolic disorders, including diabetes and obesity, using data collected from Indigenous populations.

Pharmaceutical Technology
Jan 9th, 2025
Novo Nordisk and Valo expand cardiometabolic drug partnership

Before this development, Variant Bio partnered with Novo Nordisk to focus on the identification of new targets to treat metabolic conditions.

GeekWire
Jan 7th, 2025
Seattle Genomics Startup Variant Bio Signs Deal With Novo Nordisk Worth Up To $50M

A rooftop deck at Variant Bio’s Seattle offices have a view of the city’s landmark Space Needle. (Cory Parris Photo)Variant Bio today announced a partnership with Novo Nordisk for disease research and development that could total $50 million for the biotech startup.The Seattle company is working with genetically diverse populations around the world in the pursuit of new drug therapies. The company has built a platform that uses statistical genetics and machine learning to identify the most promising treatments.The multi-year collaboration with Novo Nordisk is focused on using genomic information in treating metabolic diseases such as obesity and diabetes.Most research on the role of genetics in disease has focused on people with European ancestry, said David Moller, Variant’s chief scientist. Variant is partnering with Indigenous peoples worldwide to build more representative data sets. “We hope that a deeper understanding of the relationships between genetic variation and metabolic traits will yield novel targets and ultimately lead to better and more diverse treatment options for people around the globe,” Moller said in a statement. Variant launched in 2018 and has raised $130 million from investors

PR Newswire
Jan 7th, 2025
Variant Bio Announces Multi-Year Research Partnership With Novo Nordisk To Discover Novel Targets For Metabolic Disease

Collaboration leverages Variant Bio's innovative VB-Inference Platform and expertise partnering with global populations. Commercial terms include an upfront payment and additional near-term RD funding totaling up to $50 million, plus potential option and milestone payments. SEATTLE, Jan. 7, 2025 /PRNewswire/ -- Variant Bio, a genomics-driven drug discovery company, today announced a multi-year research collaboration with Novo Nordisk to discover novel targets for the treatment of metabolic disease.The partnership between Novo Nordisk and Variant Bio is aimed at identifying and validating multiple novel targets with sufficient human genetic evidence to initiate human-centric drug discovery programs

Investing.com
Apr 18th, 2024
Evotec and Variant Bio partner to develop fibrosis treatments

Evotec and Variant Bio partner to develop fibrosis treatments.

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