Genemod, a Seattle, WA-based software solution for life scientists that uses data automation to streamline and accelerate research, raisedĀ $1.7MĀ in seed funding.
The round was led byĀ Defy.vcĀ with added support byĀ Omicron,Ā Unpopular Ventures,Ā UnderdogĀ Labs, andĀ Canaan Partners Scout Fund. In conjunction with the funding, Neil Sequeira, co-founder and managing director of Defy.vc, will join Genemod’s Board of Directors.
The company intends to use the funds to include a complimentary product management software alongside its flagship life sciences inventory management service. The funding will allow Genemod to grow its current headcount by 50 percent and expand its customer base beyond academic institutions and into small enterprises.
Founded in 2018 by Jacob Lee, CEO and co-founder, Genemod provides cloud-based solutions that offer biotech companies the ability to maximize productivity and consolidate data sharing with one collaborative workspace. By streamlining inventory, experiment, application and data management, the solution helps scientists conduct repeatable research and develop cures faster. Labs from nationally recognized institutions, including theĀ University of WashingtonĀ School of Medicine, theĀ University of California, BerkeleyĀ and the National Institutes of Health use Genemod’s cloud-based solutions to accelerate life sciences research and drug discovery.
FinSMEs
13/10/2020