Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises OVP Venture Partners on Fate Therapeutics Financing

November 16, 2009

SAN FRANCISCO, CA, November 16, 2009 — Fate Therapeutics, Inc. announced today that it has completed a $30 million series B financing led by OVP Venture Partners. Covington & Burling LLP advised OVP on the transaction. Also participating in the financing were ARCH Venture Partners, Polaris Venture Partners and Venrock, which collectively led the company’s series A financing, and a syndicate of corporate investors including Astellas Venture Management, Genzyme Corporation and a third undisclosed corporate investor.

Fate Therapeutics, based in La Jolla, California, interrogates adult stem cell biology and applies induced pluripotent stem cell technology to develop small molecule or biologic compounds that guide cell fate for therapeutic purposes. OVP Venture Partners, with offices in Seattle, Washington and Portland, Oregon, focuses on early stage investments in cleantech, digital biology and information technology companies.

Covington partner Ken Ebanks and associate Bobby Lutzker handled the matter for OVP. Both are based in the firm’s San Francisco office.

Share this article: