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Genomic Sequencing Company Element Biosciences Raises $276M

 
• By Barnaby Pickering

The funding round drew a wide range of supporters and raised enough money to allow Element to expand its San Diego-based operations.

• Source: Alamy

Element Biosciences has finished a series C financing round, raising a total of $276m to further its goal of “democratizing” DNA sequencing. 

The money was raised from new investors including Logos Capital, Meritech Capital Partners, Counterpoint Global (Morgan Stanley), and existing investors which included Fidelity Management & Research Company, Foresite Capital...

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