Pleno, Inc. raised $25M in a Series B funding round led by Deerfield Management, Foresite Capital, and Medical Excellence Capital to support its commercial growth.

Dec 12, 2024•about 1 year ago

Amount Raised

$25 Million

Round Type

series b

San DiegoBiotechnologyHealth Care

Investors

Medical Excellence CapitalForesite CapitalDeerfield Management

Description

Pleno, Inc. has appointed Dr. Vik Vaz as the new CEO following the closure of its $25 million Series B funding. This funding will assist the company in scaling its commercial operations.

Company Information

Company

Pleno

Location

San Diego, California, United States

About

Pleno Inc. is an early-stage San Diego startup company developing a multi-omic instrument platform to revolutionize biological target detection for clinical testing and biomedical research and enable a broad array of applications from screening and detection, to diagnostics, prognostics and beyond. We are driven and dedicated scientists, engineers and business professionals. We’re developing an innovative and disruptive multi-omic instrument platform that’s going to transform the insights from and application of biological information. We’re in an exciting growth phase and are actively expanding our team.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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