# Farma Genetix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/farma-genetix

- Industry: Food
- Headquarters: Boston, US
- Website: www.farmagenetics.com
- Latest round: Seed (Nov 18, 2019)
- Investors on record: 2

## About

Farma Genetix specializes in innovative solutions addressing industry challenges, particularly in technology, healthcare, and manufacturing sectors, optimizing operational efficiency and enhancing user experiences.Farma Genetix is focused on developing solutions within the biotech sector. The company is headquartered in Boston, US. Sung Park serves as the CEO. In November 2019, Farma Genetix raised an undisclosed amount in SEED funding from investors Food-X and SOSV, marking a strategic pivot towards expanding its product offerings.The company’s core offerings encompass a range of innovative products designed to address specific industry challenges. These products are engineered to optimize operational efficiency and enhance user experience across various applications. Targeting sectors such as technology, healthcare, and manufacturing, the company provides solutions that facilitate improved workflows and decision-making processes. Their flagship products, released over the past few years, have garnered attention for their scalability and user-centric design, making them appealing to small businesses as well as large enterprises. The primary markets for these products include North America, Europe, and select regions in Asia, where a diverse clientele from startups to established corporations actively utilize their solutions to drive growth and streamline operations.The company generates revenue through a structured model that primarily includes subscription services and direct sales to end-users. Clients enter into annual subscription agreements that provide access to the company's suite of products, with pricing tiers designed to accommodate varying user needs and organizational sizes. Additionally, wholesale arrangements with industry partners allow for broader distribution of their flagship offerings, further enhancing market penetration. Specific pricing plans are established based on the complexity and scale of the services utilized, which can include bundled packages for comprehensive access to their tools. These revenue streams facilitate sustainable growth and enable the company to invest in ongoing product development and customer support.Farma Genetix aims to launch new products designed to enhance user engagement and operational capabilities within the next year. The company is targeting expansions into the Asian markets by the end of 2022. The funding raised in November 2019 will support these initiatives by bolstering research and development efforts as well as enhancing marketing strategies to establish a footprint in these new regions.

## Funding rounds

- Seed, Nov 18, 2019 — SOSV, Food-X

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Food-X — Seed