"Elegen Raises $35 Million for DNA Product Expansion in Genetic Medicine Development"

Elegen's Series B Funding

Key Highlights:

• Series B Funding: Elegen, a DNA synthesis and production company, raised $35 million in Series B funding.
• Investors: Triatomic Capital led the round, with participation from GSK, John Ballantyne, and existing investors including Andreessen Horowitz, KdT Ventures, and Agilent Technologies.
• Product Expansion: The funding will be used to expand Elegen's ENFINIA™ DNA product line for clinical workflows, specifically for the production of GMP-compliant DNA for genetic medicine development.

Elegen's Target Market

• Pharmaceutical and Biotech Companies: Elegen's DNA synthesis and production services cater to the needs of pharmaceutical and biotech companies involved in genetic medicine development.
• Research Institutions: Academic and private research institutions utilizing DNA synthesis for various scientific studies and applications.
• Agricultural and Chemical Industries: Companies in the agricultural and chemical sectors that require DNA synthesis for their research and development efforts.

What Elegen Needs to Buy

• Advanced DNA Synthesis Technologies: Investments in research and development to enhance and expand their proprietary microfluidics approach for faster DNA synthesis.
• Manufacturing and Quality Control: Infrastructure and equipment to scale up GMP-compliant DNA production for clinical development.
• Partnerships and Collaborations: Collaborations with pharmaceutical companies and research institutions to develop and deploy new clinical modalities.

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.