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MedGenome raises $20mm in Series B funding

Executive Summary

Genomics company MedGenome Labs Pvt. Ltd. raised $20mm from Sequoia Capital in its Series B financing round. The company will use the funds to further invest in its bioinformatics infrastructure, to enhance its sequencing facilities in India and in the US, and to expand its research and scientific teams. A representative from Sequoia will join the board.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Bioinformatics
      • Genomics-Proteomics
    • Pharmacogenetics-Pharmacogenomics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
  • Pharmaceuticals
  • Research, Analytical Equipment & Supplies
  • Services
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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