EagleGenomics Raises Additional £410K
EagleGenomics, a Cambridge, UK-based provider of bioinformatics software and services across a wide range of life science and other sectors, raised an additional £410K in funding.
The round was led by members of London Business Angels, with further support from the Angel CoFund and first round investor Jonathan Milner (CEO of Abcam). It is in addition to the £590k invested in September (read here) and brings the total raised to £1m.
The company intends to use the funds to continue to expand and develop new bioinformatics products as well as its consulting business by pushing further into non-traditional areas for bioinformatics such as consumer goods, food safety and animal health.
Led by David Flanders, CEO, Eagle uses advanced computing to answer complex biological problems, from fighting cancer to breeding better crops. Its ElasticAP is a SaaS (Software-as-a-Service) subscription platform that enables customers to analyze complex genetic data through the Cloud.
The company has over 30 customers worldwide from the large pharmaceutical, biotechnology, crop science, bio-fuels, personal hygiene, and animal health sectors.