Altitude Lab Startups Raise $154M in Capital

Core Insights - Altitude Lab has successfully incubated startups that have raised a total of $154 million in early-stage funding since its inception in 2020 [1] - The inaugural Gibson Founder Fellowship was awarded to Carmen Kivisild, CEO of Elnora AI, providing up to$150,000 in funding and support for early-career scientists [1][2] - Altitude Lab anticipates a significant increase in Series A funding rounds from its alumni and founder community in 2025, following major value inflection points achieved in 2024 [3] Company Overview - Altitude Lab is an accelerator program located in Salt Lake City's BioHive Hub, focused on early-stage life science and healthcare companies [4] - The initiative aims to foster socially-responsible entrepreneurship, job creation, and economic productivity in Utah [4] - Altitude Lab operates under the Recursion Foundation, a nonprofit organization [4] Startup Performance - Currently, 19 startups are in Altitude Lab's cohort, with 12 alumni, and 90% of participating startups have successfully raised capital [6] - Notable achievements include Peel Therapeutics completing a Phase 1 trial and Rebel Medicine receiving IND approval for Alevatrix [6] - 70% of startups are led by at least one underrepresented founder, highlighting diversity within the program [6]