Coatue and Lux Capital led a $28m Series A funding round in LatchBio.

Coatue, a global investment manager, and Lux Capital, a venture capital firm, led a $28m Series A funding round in LatchBio, an operator of a bioinformatics platform, with participation from Hummingbird Ventures, Caffeinated Capital, Haystack and Fifty Years. “The datasets generated by today’s scientific experiments are growing at an exponential rate, but many biologists lack the computational tools they need to rapidly analyze and iterate using the results of their experiments. Coatue looks forward to supporting LatchBio’s ambition to create the necessary infrastructure to hasten the pace of discovery and translational research – and importantly help get more life-saving therapies into the clinic," David Cahn, Coatue General Partner.