Brian Armstrong's longevity company raises extra $40 million
"There's a lot of work ahead of us"
Longevity Hound
May 18, 2023
Coinbase’s Brian Armstrong, looking forward to a future in which our bodies and our minds stay young
Who we're talking about: Brian Armstrong, the founder and CEO of the cryptocurrency exchange Coinbase. Armstrong, whose net worth is estimated at some $2.5 billion, is one of several billionaires who has invested large sums of his own money into funding longevity research.
As part of this, Armstrong co-founded NewLimit, a company that aims to increase lifespan and youthspan through epigenetically reprogramming cells. Armstrong and the three other co-founders of NewLimit committed $100 million of their own money to the longevity company.
And the news is: Only two days ago, NewLimit announced that they raised an additional $40 million from experienced venture capital firms Dimension, Kleiner Perkins, and Founders Fund.
You might wonder why NewLimit needs so much money. The fact is, all these millions are really commitments over the lifetime of the company — they aren't being used yet, but might be as the company scales up its research and starts to create products.
Why this is a big deal: Epigenetic reprogramming, the route taken by NewLimit, is one of the most promising approaches in longevity research. Just two weeks ago, we had the breakthrough news that Life Bionsciences used epigenetic reprogramming to successful reverse eye damage in monkeys. Human trials are expected soon for that Life Biosciences method.
Beyond the specifics of NewLine's longevity approach, it's good to know that big money is still flowing into longevity research, in spite of the currently uncertain economic climate. Sooner or later, and hopefully sooner, these massive investments will begin to pay off — not only for the likes of Armstrong, but for the rest of us as well.
What's next: Speaking a few days ago about the news of the new money for NewLimit, Armstrong summed up the work to be done:
“I think it’s important that if people are going to live longer — which, by the way, that’s a big if; there’s a lot of work ahead of us to see if that is even possible — that their minds remain plastic and they remain open to new ideas and things like that as well. So in an ideal world here in the future, there’s a way for us, our bodies and our minds, to stay young.”