Cong Chen, Founder of VelosBio

About Cong Chen

Cong Chen is the co-founder of VelosBio, a clinical-stage biopharmaceutical company focused on developing ROR1-directed therapeutics for oncology. The company was founded in 2017 and was acquired by Merck & Co. for $2.75 billion in July 2020, after raising $202 million in total private financing.

Cong Chen at a glance

• Company: VelosBio
• Total raised: $202M
• Latest round: Series B
• Investors: Matrix Capital Management, Surveyor Capital, Adage Capital Management LP, Cormorant Asset Management, Farallon, Foresite Capital
• Location: San Diego, California

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