Lightcast Discovery: Secures $49M Series B Funding for Single-Cell Analysis Platform
Lightcast Discovery, a Cambridge, UK-based life science tools company, has recently secured $49M in Series B funding. The company is focused on developing a unique single-cell functional analysis platform. M Ventures led the funding round, with participation from ARCH Venture Partners, Illumina Ventures, OMX Ventures, +ND Capital, and Longwall Ventures. With the freshly raised capital, Lightcast aims to accelerate its growth and expansion leading up to the full commercial launch. Adding to the company's progress, they have appointed Paul Steinberg as their Chief Commercial Officer (CCO).
Under the leadership of CEO Paul Loeffen, Lightcast is revolutionizing single-cell functional analysis using a highly flexible droplet-based platform.
This innovative technology allows for the loading, selection, processing, analysis, and recovery of individual cells simultaneously. By utilizing light to manipulate addressable picolitre droplets in a massively parallel manner, Lightcast's platform enables sequential assays that go beyond the traditional transcriptome-only readouts. Offering versatility in analyzing various cell types and assays, the platform also ensures precise control and monitoring of each droplet's number, occupancy, location, and movement.
The funds acquired through the Series B funding will propel Lightcast Discovery towards its goal of launching their single-cell functional analysis platform on a commercial scale. By combining their cutting-edge technology with the expertise of their newly appointed CCO, the company will be able to meet the increasing demand for advanced life science research tools. With the support of M Ventures, ARCH Venture Partners, Illumina Ventures, OMX Ventures, +ND Capital, and Longwall Ventures, Lightcast is poised to make significant strides in the field of single-cell analysis.
They've invested in Lightcast Discovery
Get to know these Biotech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  M Ventures | 7 investment(s) investment(s) | 19 contacts contacts | |||
2 |  Illumina Ventures | 1 investment(s) investment(s) | 9 contacts contacts | |||
3 |  OMX Ventures | 1 investment(s) investment(s) | more info | |||
4 |  +ND Capital | 1 investment(s) investment(s) | more info | |||
5 |  Longwall Ventures | 1 investment(s) investment(s) | more info |
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