With the aim to improve cancer diagnostics, Rarity Bioscience has raised €2,5 million to expand operations and product development within precision diagnostics and liquid biopsy. The seed round was led by founders and joined by new investor, Navigare Ventures, owned by Wallenberg Investments AB.
This investment round has come after a successful first year establishing the company and setting up operations for product development and research service testing. The round was led by the founding team and initial angel investors including UU Invest, but also welcomes new investor Navigare Ventures, a Stockholm based early-stage investor specialized in science-driven companies, and a fully owned subsidiary of Wallenberg Investments AB.
”I’m very pleased with what our team has achieved in just one year. This investment allows us to expand our offering and continue the development of liquid biopsy solutions towards democratizing mutation detection and improving cancer care. The funding process has been extremely smooth and well planned. Thanks again to all the investors for the support and trust.”Linus Bosaeus, CEO Rarity Bioscience
About Rarity Bioscience AB
Rarity Bioscience was founded in 2021 as a spin out from Uppsala University to further develop and commercialize the superRCA assay technology, based on a discovery by Dr Lei Chen, PhD in molecular biology and a member of Professor Ulf Landegrens team at the Department of Immunology, Genomics and Pathology. Rarity superRCA is an ultrasensitive multiplex assay for detecting rare nucleic acid sequences in biological samples like liquid biopsies. Enabling full potential of liquid biopsies and radically improving cancer diagnostics.