Cache Raises Seed Funding to Expand R&D and Bring Biobanking Solutions to Market

Cache Raises Seed Funding for Biobanking Solutions

Key Highlights:

• Seed Funding: Cache, a life sciences company specializing in biological sample and data storage infrastructure, raised an undisclosed amount in seed funding.
• Investors: Backed by Climate Capital Bio, Exor Ventures, Hawktail, LifeX Ventures, Pillar VC, and Trousdale Ventures, with support from Illumina and founders such as Alec Nielsen.
• Expansion Plans: Funds will be used to expand Cache's R&D sector, support commercial development efforts, and establish key partnerships to bring their biobanking solutions to market.

Cache's Target Market

• Academic Medical Centers: Partnering with academic institutions to provide biobanking solutions for molecular biospecimens.
• Commercial Labs: Collaborating with commercial laboratories to support high-throughput applications and molecular insights from biospecimens.
• Biobanks: Working with biobanks worldwide to offer scalable capabilities and compliant storage and management of molecular samples and data.

What Cache Needs to Buy

• Research and Development: Investments in R&D to enhance biobanking solutions and develop new technologies for molecular sample storage and management.
• Commercial Development Support: Partnerships with organizations that can provide commercial development support, including marketing, sales, and distribution.
• Key Partnerships: Collaborations with academic institutions, commercial labs, and biobanks to expand Cache's market reach and customer base.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.