NEW YORK – SeqWell said today that it has raised $9 million in a Series B financing round.
Research Corporation Technologies (RCT) led the round and was joined by the BroadOak Fund and current investors.
The Beverly, Massachusetts-based company plans to use the funding to expand its PlexWell sequencing library prep technology into new areas, such as single-cell genomics and transcriptomics. Specifically, it will expand its R&D team as well as its commercial team to take advantage of business-to-business and original equipment manufacturing partnership opportunities.