Oxford NanoLabs, BioNanomatrix Raise $25M In Private Funding for Nanotech Sequencing

Oxford NanoLabs, a UK-based spinout from the University of Oxford that is working on DNA nanopore sequencing, last month raised £10 million ($20 million) from existing non-VC institutional and private investors. Meanwhile, BioNanomatrix of Philadelphia raised $5.1 million in a Series A funding round last month to develop its single-molecule sequencing and genome analysis platform.

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