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Alida Biosciences raised $7.5M in a Series A funding led by Genoa Ventures and Early Access Launch of Innovative Products for Epitranscriptomic Research

Jun 12, 2024over 1 year ago

Amount Raised

$7.5 Million

Round Type

series a

San DiegoBiotechnology

Investors

Vertical Venture PartnersFusion X VenturesGenoa Ventures

Description

Alida Biosciences has successfully completed a $7.5 million Series A funding round led by Genoa Ventures, with participation from FusionX Ventures and Vertical Venture Partners. The funding is complemented by two ongoing SBIR grants totaling $4 million from The National Human Genome Research Institute (NHGRI). In addition, AlidaBio has unveiled the Early Access launch of two products: the EpiPlex™ RNA Library Prep Kit and the EpiScout™ Analysis Suite.

Company Information

Company

Alida Biosciences Inc.

Location

14813 PRISCILLA STREET

San Diego, California, United States

About

Alida Biosciences is developing the next generation of RNA analysis tools to enable new medical treatments and diagnostic assays.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers