Genomes.io, a UK-based secure and private DNA data storage and sharing application, has successfully secured its initial £800,000 funding target and is now nearing £900,000 through its recently launched equity crowdfunding campaign on Crowdcube.
Founded in 2017, Genomes.io stated it believes individuals should be able to own, control access to and benefit from their most sensitive and valuable personal asset, their DNA.
“We are building a secure DNA sequencing, storage and sharing technology using state-of-the-art encryption and blockchain technologies to provide users with control over their whole genome sequence. This allows users to control access to segments of their genome in a repeat consent model to trusted professionals and accredited researchers in a secure, private and anonymous manner.”
Genomes.io further explained that its platform acts as genomic data aggregator that provides research organizations with what the company claims are a more efficient genomic data acquisition model.
“However, we do so in a more equitable model in which individuals own, control and get paid for the data they wish to share. We aim to securely sequence and store 1 billion individual’s genomes in our DNA data bank and become the world’s largest, most secure and trusted genomic and health data marketplace to power the personalised medicine revolution.”
Funds from the Crowdcube round will be used for the development and growth of the Genomes.io’s platform. Genomes.io is now offering 13.02% in equity at a £6 million pre-money valuation.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!