To support Eagle Genomics’ growth plans, the company has raised $1m within 3 weeks of the launch of its latest investment round, in a first close.Investors in the round include Newable Private Investing and UK specialist fund UK Innovation & Science Seed Fund (UKI2S – formerly Rainbow Seed Fund), with a follow on investment. The round remains open until the end of June.
The funds raised will be used to accelerate the development of Eagle’s knowledge discovery platform, the e[automateddatascientist], which transforms scientific data into actionable insights that drive product decision making. The knowledge gained from the platform enables companies to quickly assess product potential, accelerate market entry and mitigate risk.
The funds will also support sales and marketing activity in order to build upon the current momentum.