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De-Extinction Startup Colossal Biosciences Hits Decacorn Status After $200M Raise

Illustration of a Decacorn.

, a de-extinction startup looking at ways to bring back the dodo bird and the woolly mammoth, raised a $200 million Series C at a $10.2 billion valuation.

The new cash infusion came from TWG Global, a holding company jointly led by and .

The Dallas-based startup, which launched in 2021, plans to use the money to continue to advance its genetic engineering technologies, as well as grow its software and hardware solutions for applications involved with de-extinction, conservation and human health care.

The company said bringing back extinct animals could allow for a better understanding of evolutionary change in other species, and that genetic engineering applications also will help enhance food production and reduce environmental impact.

Colossal has said it has generated 鈥渁ncient genomes鈥 for some thylacines, an extinct tiger.

鈥淥ur recent successes in creating the technologies necessary for our end-to-end de-extinction toolkit have been met with enthusiasm by the investor community,鈥 said CEO and co-founder of Colossal in a statement. 鈥淭his funding will grow our team, support new technology development, expand our de-extinction species list, while continuing to allow us to carry forth our mission to make extinction a thing of the past.鈥

A couple years ago

It was January 2023 when Colossal Biosciences raised a $150 million Series B to further its de-extinction platform that could bring back the dodo bird and the woolly mammoth. The round was led by Tull鈥檚 , and included participation from , , , , , , , and others.

Since launching in September 2021, Colossal has raised $435 million, per the company.

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