29 Jan 2026 · 3 min read
$150M Series A. $850M pre-money. 100% return in 12 months.
Hologen, Eric Schmidt’s stealth biotech-AI venture, is raising $150M at an $850M pre-money on a promise of 100% returns in 12 months. The pitch is closer to financial underwriting than AI product development. Here’s what would convince me it’s more than narrative.