Roche-Backed Freenome Continues Industry’s Private Funding Rally with $254M Raise
02/15/24, 2:43 PM
Location
Money raised
$254 million
Industry
biotechnology
Round Type
series a
Investors
American Cancer Society’s Bright Edge Ventures, Ark Investments, Cormorant Capital, Bain Capital Life Sciences, Roche
Freenome announced a $254 million private financing round, led by Roche, to support the development of its multiomics-based early detection tests for cancer.
Company Info
Location
san francisco, california, united states
Additional Info
Freenome is breaking barriers to early cancer detection with a suite of blood tests built on its multiomics platform. The company recognizes that no single technology can identify every cancer due to the disease's inherent heterogeneity. Freenome's multimodal approach combines molecular biology and assays with computational biology, machine learning and multiple data types to tune into cancer's subtlest cues, even at the earliest stages of the disease.