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Allelica Raises $1.75 Million in Seed Financing to Advance Polygenic Risk Score (PRS) Analysis into Clinical Practice

PRIVATEMar 12, 2021

Amount Raised

$1 Million

Round Type

Seed

ItalyBiotechnology

Description

Allelica, a leading genomics software company specialising in developing polygenic risk scores (PRSs) for common diseases, today announced that the company has raised $1.75 million in a seed financing round led by Valor Ventures, Sternberg Health, Pi Campus, as well as strategic business angels also participated in the round. As part of the transaction, Valor Ventures General Partner Gary Peat has joined the Allelica board of directors and Allelica has relocated its headquarters to New York City.

Quick answer

Allelica, Inc. raised $1 Million in a Seed round, dated March 12, 2021. Allelica, Inc. is based in Italy.

How much did Allelica, Inc. raise?
Allelica, Inc. raised $1 Million in a Seed round on March 12, 2021.
What does Allelica, Inc. do?
Allelica is a leading genomic software company specialising in building fast, efficient and scalable solutions to implement clinically accessible polygenic risk scores (PRSs).
Where is Allelica, Inc. based and how big is it?
Allelica, Inc. is based in Italy.
Who are the decision-makers at Allelica, Inc?
Fundz holds 1 contact at Allelica, Inc., including the Data Analytics. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

Companies in the same sectors as Allelica, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Celerpurus Inc raised $375K (Seed) on April 26, 2021.
  • GPB Scientific, LLC raised $17M on April 23, 2021.
  • BioCircuit Technologies raised $3.1M (Seed) on April 23, 2021.
  • BioCircuit Technologies raised $1.5M (Seed) on April 23, 2021.
  • Promedix, Inc. raised $250K on April 23, 2021.
  • MED-X raised $225K on April 23, 2021.

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Company Information

Company

Allelica, Inc.

Location

LARGO DELLA FONTANELLA DI BORGHESE 19

Italy

About

Allelica is a leading genomic software company specialising in building fast, efficient and scalable solutions to implement clinically accessible polygenic risk scores (PRSs). Our technology combines world-class datasets with the most advanced algorithms to build PRSs with the highest predictive power for estimating disease risk. Allelica’s tools translate the enormous potential of genomic data into practical tools which can be used to identify individuals with a high genetic susceptibility for life-threatening diseases. Through the incorporation of genetics into disease risk assessments, Allelica is helping to build the foundations of preventative medicine by helping to identify those for whom early intervention and behaviour modification could help reduce lifetime risk. Allelica has a partnership with Merck to develop a suite of cardiovascular disease prevention tools.

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Related People

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