KromaTiD Receives $2 Million In Growth Capital Investment From BroadOak Capital Partners

Thursday, April 29, 2021 Tags: Longmont, KromaTid, BroadOak Capital Partners, Christopher Tompkins

LONGMONT — KromaTiD introduced that BroadOak Capital Partners has made a $2 million funding within the firm.

KromaTiD mentioned gross sales and operations are accelerating quickly, pushed by rising market adoption of their services and products, such because the lately launched dGH In-Site and dGH SCREEN merchandise for gene enhancing and gene remedy purposes.

This capital can be used to speed up commercialization, assist continued product improvement and improve capability to fulfill rising demand, the corporate mentioned.

KromaTiD’s directional genomic hybridization, or dGH, is designed to supply the genomic structural context wanted to optimize gene enhancing methods for analysis and scientific functions, similar to therapeutic gene enhancing primarily based on CRISPR applied sciences, requiring measurements that may solely be carried out with a single cell. might be executed. genome-wide evaluation offered by dGH.

“We are delighted to have BroadOak’s support and access to their expertise in the biopharmaceutical markets,” mentioned Christopher TompkinsCEO of KromaTiD.

“With this non-dilutive funding, we’re capable of prolong our present companies to the biopharmaceutical sector, offering a necessary structural context for genomic manipulations associated to the event of breakthrough gene therapies.

“BroadOak’s funding further enables the launch of our suite of products for whole genome analysis, single cell genomic analysis, bringing previously unheard of opportunities to the gene editing and gene therapy markets.”

BroadOak, a life science-focused industrial financial institution, operates within the analysis sources, diagnostics and companies industries.

Bill Cutter, BroadOak accomplice, mentioned KromaTiD is “properly positioned in one of many quickest rising industries and is ready to ship services and products to resolve a vital want for genomic enhancing affirmation in superior therapies.

“The growth of the company in 2020 is a testament to the value they provide.”