Tech Company Financing Transactions
MultiOmic Health Funding Round
On 5/4/2023, MultiOmic Health raised $6.2 million in funding from Hoxton Ventures, Ada Ventures and MMC Ventures.
Transaction Overview
Company Name
Announced On
5/4/2023
Transaction Type
Venture Equity
Amount
$6,200,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to demonstrate proof-of-concept for its MOHSAIC platform in diabetic kidney disease.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
25 City Road, Shoreditch
London, EC1Y 1AA
UK
London, EC1Y 1AA
UK
Phone
Undisclosed
Website
Email Address
Overview
Multiomic is a next-generation precision medicine business, applying computational systems biology to develop and commercialize data assets for metabolic syndrome -- the world's largest healthcare burden. With our unique combination of data science and biology expertise, we are enabling data-driven development of therapeutics and are bringing understanding into complex biological systems. Metabolic syndrome, a cluster of closely-related diseases (atherosclerotic cardiovascular disease, type 2 diabetes, chronic kidney disease, non-alcoholic fatty liver) with many common risk factors, is costing the healthcare system $2 trillion (forecast >$5.5 trillion by 2040). It is a 1.6x larger market than oncology, yet attracts only 40% of the VC dollars.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Robert Thong
Chief Operating Officer
Yuyang Fan
Chief Technical Officer
Marcus Hultmark
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