Funding round
Multiomic Health Seed
Multiomic Health, which works in precision medicine solutions development in London, raised $6.2M in a Seed round announced on 4 May 2023, led by Hoxton Ventures. 6 firms took part.
$6.2M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Multiomic Health did not disclose a valuation in this round. It is Multiomic Health's first venture round on record, 2 years after it was founded in 2021. No later venture round is on record for Multiomic Health.
Multiomic Health's funding rounds
This is the only venture round on record for Multiomic Health.
- Seed this round 4 May 2023, led by Hoxton Ventures $6.2M
Investors
Who put money in
Hoxton Ventures led the round with 5 other firms.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- backs 38 venture-backed companies new investor
- backs 78 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- backs 60 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
186 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $4.5M, and this round was 1.4 times the median. The closest in time, other companies' Seed rounds in Biotechnology:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 23 May 2023 | $36M | not disclosed | Polaris Partners and 3E Bioventures Capital |
| Biotechnology | 2 May 2023 | $31M | not disclosed | not named |
| Biotechnology | 31 May 2023 | $11M | not disclosed | Dementia Discovery Fund and UTEC (University of Tokyo Edge Capital Partners) |
| Biotechnology | 10 May 2023 | $3.0M | not disclosed | Bluestein Ventures |
| Biotechnology | 2 May 2023 | $2.2M | not disclosed | Capital Grand Est |
| Biotechnology | 25 May 2023 | $2.0M | not disclosed | not named |
| Biotechnology | 11 May 2023 | $1.4M | not disclosed | Mind the Gap and Botin Foundation Mind the Gap programme |
| Biotechnology | 23 May 2023 | $1.3M | not disclosed | High-Tech Gründerfonds |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Multiomic Health raise in its Seed round?
Multiomic Health raised $6.2M in its Seed round, announced in May 2023.
Who led Multiomic Health's Seed round?
Hoxton Ventures led it, with Ada Ventures, MMC, Verve Ventures, Fifty Years and HOF Capital.
What was Multiomic Health's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Biotechnology?
186 Seed rounds in Biotechnology within a year either side disclosed an amount; the median was $4.5M, and this round was 1.4 times the median.