Less than 1 min.Read

Allelica: Raises $1.75M in Seed Financing

March 15, 2021

Allelica, a New York City-based genomics software company specializing in developing polygenic risk scores (PRSs) for common diseases, raised $1.75m in seed financing
The round led by Valor Ventures, Sternberg Health, Pi Campus, as well as strategic business angels also participated in the round
The proceeds of the financing will also used to advance clinical integration of the company’s PRS software into healthcare systems in the US
A PRS is a measurement of a person’s risk of disease based on their genes and is based on combining the effects of a large number of genetic variants across the genome
This information can used to stratify individuals based on their risk of disease
By combining PRS with conventional risk factors, Allelica believes precision medicine at scale can achieved