Recursion Pharmaceuticals is an emerging biotech company that identifies treatments for rare diseases.
Our seed-stage investment, made in connection with the Utah Rural Jobs Act (RJA) and federal New Markets Tax Credit programs, provided growth capital for expansion while driving drug discovery and supporting research and development efforts.
This investment allowed Recursion to stay in Utah rather than move to Silicon Valley and contributed to the company’s continued development of world-class pharmaceuticals, while adding jobs along the way.
Investment Summary
Location
Utah
Investment
$11,916,994
Type
Equity
Impact
Jobs Created
158