Funding

Purigen Biosystems raises $18.2M in Series A

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What does Purigen Biosystems do?

Purigen Biosystems, is the leader in technology development of genomics sample preparation. The company develops an isotachophoresis chip for nucleic acid preparation. The company operates in the biotech sector and is a transformative platform which provides a hands free solution to extract, enrich and quantify DNA and RNA from biological sample. The company’s proprietary approach uses ITP- isotachophoresis, which is an electric field driven technique for focusing, purifying and/or separating species. The application of isotachophoresis for purifying and quantifying nucleic acids from complex biological samples was pioneered by the company’s co-founder, Juan G. Santiago, a professor in Stanford. The company’s system in compatible with a range of sample including : mamallian FFPE tissue biopsies, cells, FNA tissue biopsies, blood, plasma and buccal swabs.

The company is affiliated with StartX Med, a nonprofit tech accelerator of Stanford University, and the California Life Sciences Institute’s Fast Advisory Program.

How much Purigen Biosystems was funded?

The company raised $18.2M in Series A on May 17, 2016 from the investors Roche Venture Fund and 5AM Ventures.

Previous funding

  • $830k on April 19, 2013
  • $200k on August 5, 2014
  • $13.01M in undisclosed round on March 10, 2016

What is next for Purigen BioSystems?

Purigen BioSystems plans to use the latest funding for accelerating research and development and for commercialization of its bench top technology, which involves automated extraction and quantification of samples for genetic and genomic testing. Under the financial terms, Tracy Saxton, Andy Schwab, Bill Colston and Joe Victor, will join the company’s board of directors.

More about Purigen Biosystems

Purigen Biosystems was founded in 2012 by Juan Santiago, Klint Rose and Amy Hiddessen. The company has its headquarters in Pleasanton, California. The company is redefining nucleic acid sample preparation by providing a creative platform based on the IST tech invented in Stanford University professor Juan Santiago’s lab.

 

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