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Home » Tools & Technology » Sequencing » Element Biosciences Raises $80M in Series B Round to Develop DNA Sequencing Platform

Element Biosciences Raises $80M in Series B Round to Develop DNA Sequencing Platform

Jan 09, 2020
|
staff reporter

NEW YORK – Element Biosciences said on Thursday that it has raised $80.3 million in a Series B financing round.

The funding comes from new investors Fidelity Management & Research and JS Capital, as well as from existing investors Foresite Capital and Venrock.

San Diego-based Element Biosciences said it plans to use the proceeds to accelerate the development of "high-quality, low-cost, and easy-to-use genomic sequencing solutions."

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