Skip to main content
Premium Trial:

Request an Annual Quote

Computational Genomics Startup Phosphorus Closes $10M Series A Financing Round

NEW YORK (GenomeWeb) – Computational genomics startup Phosphorus announced today that it has raised $10 million in a Series A round of financing.

The round was led by FirstMark Capital, and included Phosphorus founders and undisclosed angel investors.

Phosphorus was established earlier this year by Alexander Bisignano and Santiago Munne — the co-founders of reproductive genetics firm Recombine, which was acquired in May by CooperSurgical in a deal valued at $85 million — to build a genomic data network for healthcare providers, researchers, and patients. It also offers two genetic tests: HeartMap, which is designed to identify patients with a predisposition for sudden cardiac death due to cadiomyopathies and arrhythmias, and LipidMap, which tests for familial hypercholesterolemia.

The New York City-based company said it would use the proceeds of the financing to hire new computer scientists, engineers, and geneticists, as well as to support the development of new clinical tests and software.

"We have built Phosphorus as the hub of a new computational biology network," Bisignano said in a statement. "Our goal is to build a platform that enables labs across the world to easily offer the most advanced genetic tests, all while connecting within an ecosystem that becomes smarter and facilitates more accurate patient diagnosis as it grows."

The Scan

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.

Study Presents New Insights Into How Cancer Cells Overcome Telomere Shortening

Researchers report in Nucleic Acids Research that ATRX-deficient cancer cells have increased activity of the alternative lengthening of telomeres pathway.

Researchers Link Telomere Length With Alzheimer's Disease

Within UK Biobank participants, longer leukocyte telomere length is associated with a reduced risk of dementia, according to a new study in PLOS One.

Nucleotide Base Detected on Near-Earth Asteroid

Among other intriguing compounds, researchers find the nucleotide uracil, a component of RNA sequences, in samples collected from the near-Earth asteroid Ryugu, as they report in Nature Communications.