Skip to main content
Premium Trial:

Request an Annual Quote

Era7 Bioinformatics Seeks Private Investors for $660K Fundraising Round

NEW YORK (GenomeWeb) – Bioinformatics firm Era7 said today that it is seeking private investors willing to participate in a €600,000 (around $660,000) investment round that the company has launched.

So far, Spanish venture capital firm CRB Inverbio has invested an undisclosed amount in the company as part of the round, Era7 said. The company is seeking to secure additional investors through a fundraising campaign it has launched on Capital Cell, a European equity crowdfunding platform for biotechnology projects. According to the site, the company currently has secured 18 investors and has raised around €327,000 (about $369,000), about 55 percent of the total amount it hopes to raise.

"With this mixed approach we get the best of both worlds," Era7 CEO Eduardo Pareja said in a statement. "CRB Inverbio contributes experience and knowledge in the sector … and the crowdfunding opens [up] the possibility [of] invest[ing] to other types of investors."

Era7 plans to use the funds to support business development efforts by its US subsidiary and to further integrate and automate its tools for analyzing microbiomes and bacterial genomes, the company said.

Earlier this year, Era7 received a $430,000 grant from the Spanish Ministry of Economy and Competitiveness to extend its platform for analyzing 16S metagenomics data to support clinical use of microbiome data. The funds are part of a larger roughly $1 million grant awarded to the CardioBiome consortium, a group of four companies working on a platform for studying patients' microbiomes.

The Scan

ChatGPT Does As Well As Humans Answering Genetics Questions, Study Finds

Researchers in the European Journal of Human Genetics had ChatGPT answer genetics-related questions, finding it was about 68 percent accurate, but sometimes gave different answers to the same question.

Sequencing Analysis Examines Gene Regulatory Networks of Honeybee Soldier, Forager Brains

Researchers in Nature Ecology & Evolution find gene regulatory network differences between soldiers and foragers, suggesting bees can take on either role.

Analysis of Ashkenazi Jewish Cohort Uncovers New Genetic Loci Linked to Alzheimer's Disease

The study in Alzheimer's & Dementia highlighted known genes, but also novel ones with biological ties to Alzheimer's disease.

Tara Pacific Expedition Project Team Finds High Diversity Within Coral Reef Microbiome

In papers appearing in Nature Communications and elsewhere, the team reports on findings from the two-year excursion examining coral reefs.