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Allelica Raises $1.75M Seed Round, Moves Headquarters to US

This article has been changed from a previous version to update the names of Allelica's investors. 

NEW YORK – Allelica, a startup developer of software for polygenic risk scoring, has closed a $1.75 million round of seed funding. Valor Ventures, which led the round, announced the investment Thursday.

Other investors include Pi Campus, Sternberg Health, and several unspecified angel investors.

An Allelica spokesperson confirmed to GenomeWeb Thursday that the company is moving its headquarters from Rome to New York. Allelica CEO Giordano Bottà said in a statement that North America represents the firm's largest market.

As a result of the investment, Valor General Partner Gary Peat has joined the Allelica board of directors. The firm also has used some of the funding to hire Baltimore-based Edgar Carter as VP of sales.