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Gelomics raised $2.2 million in a pre-Seed round led by Jelix Ventures to develop animal-free medical research technology

PRIVATEJul 05, 2024•about 2 years ago

Amount Raised

$2.2 Million

Round Type

Seed

BrisbaneBiotechnology

Investors

AngelloopQueensland Investment Corporation (Qic) Enterprise Acceleration FundJelix Ventures

Description

Brisbane biotech startup Gelomics has raised $2.2 million in pre-Seed funding to support the development of its 3D tissue culture system, which aims to eliminate the need for animal testing in pharmaceutical drug development. The round was led by Jelix Ventures and included the Queensland Investment Corporation (QIC) Enterprise Acceleration Fund and Angelloop.

Company Information

Company

Gelomics

Location

Brisbane, Queensland, Australia

About

Gelomics is a Brisbane biotech startup that has developed a 3D tissue culture system, aiming to eliminate the need for animal testing in pharmaceutical drug development. Their technology paves the way for more ethical, reliable, cost-effective, and efficient medical research and preclinical studies. Gelomics has demonstrated market viability with a demo-to-sales conversion rate above 80%, securing over 250 returning customers across 22 international markets.

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