Luna DNA, a Solana Beach, California-based community-owned genomic and medical research database, raised further funding.
Backers included Illumina Ventures, Arch Venture Partners, Bridgelink Capital and Hemisphere Ventures and Dr. Aristides Patrinos, a former leader of the Human Genome Project and current advisor to Luna DNA. This additional financing brings the company’s total to-date funding to $4m. Existing individual investors included Dr. David R. Walt, co-founder of and advisor to Illumina, and Gavin Saitowitz, CEO and co-founder of Prelude Capital.
The company intends to use the funds to continue to expand operations and develop the platform.
Founded by Dawn Barry, president, as a Public Benefit Corporation, Luna enables people to share their health data for medical research for the greater good of the community. Its community-owned approach enables members to be awarded shares of ownership in exchange for their DNA and other medical record contributions. Earnings from medical discoveries are passed through to the shareholders.
FinSMEs
08/05/2018