What is Phlow?
Phlow operates as a modern CDMO, bridging the gap between scientific innovation and large-scale pharmaceutical manufacturing. By leveraging advanced tech-enabled processes, the company supports both government and private sector clients in navigating the complexities of drug substance development. As a B Corporation, Phlow integrates social and environmental performance into its core business model, aiming to create a more sustainable and reliable domestic pharmaceutical ecosystem. Its market position is defined by its ability to reduce time-to-market while maintaining rigorous quality standards, effectively addressing the industry's need for resilient, localized manufacturing capabilities.
How much funding has Phlow raised?
Phlow has raised a total of $107M across 4 funding rounds:
Unspecified
$15M
Series A
$20M
Series B
$35M
Series C
$37M
Unspecified (2020): $15M, investors not publicly disclosed
Series A (2021): $20M, investors not publicly disclosed
Series B (2023): $35M, investors not publicly disclosed
Series C (2025): $37M featuring Align Private Capital
Key Investors in Phlow
Align Private Capital
Align Private Capital is a women-owned, SEC-registered investment advisor that specializes in alternative investing for Single Family Offices, leveraging a proprietary network to source direct investment opportunities.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Phlow?
With the infusion of $37M, Phlow is well-positioned to accelerate its strategic roadmap, focusing on the expansion of its manufacturing capacity and the integration of next-generation production technologies. The company is expected to prioritize the scaling of its proprietary development platforms, which are designed to enhance the agility of the pharmaceutical supply chain. By continuing to attract high-caliber institutional backing, Phlow is poised to set a new industry standard for how medicines are developed and manufactured in the United States, ultimately fostering healthier and more resilient communities through technological innovation and operational excellence.
See full Phlow company page
