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Woolly Mammoth Revival Raises $75 Million From VC Firms, Paris Hilton

Resurrecting the extinct creatures could slow climate change, according to a bioscience startup, but investors are keen to see human applications for the genetic research.

Colossal Biosciences says its effort to resurrect the woolly mammoth will lead to advances in human health care.

Colossal Biosciences says its effort to resurrect the woolly mammoth will lead to advances in human health care.

Source: Colossal

A Dallas company trying to use ancient genetic material to create modern-day versions of woolly mammoths — a quest aimed at fighting climate change and advancing health care — has raised $75 million from venture capitalists, the billionaire producer of “Jurassic World” and Paris Hilton. 

Harvard University geneticist George Church and technology entrepreneur Ben Lamm launched Colossal Biosciences in September with $15 million in seed funding. Just six months later, Colossal has raised another $60 million for the plan, despite the skepticism of some scientists.