# Gencove

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gencove

- Industry: Healthcare IT
- Headquarters: New York, US
- Website: www.gencove.com
- Total disclosed funding: $11M
- Latest round: Series A (Oct 26, 2021)
- Investors on record: 7

## About

Founded in 2015 by CEO Dr. Joseph Pickrell and based in New York, US, Gencove, Inc. develops a mobile platform that assists researchers in genomic sequencing, microbiome profiling, and ancestry report generation. In October 2021, Gencove, Inc. raised USD 10 million in Series A funding led by Lewis & Clark Ventures, with participation from Spero Ventures and Techammer. Third Kind Venture Capital and Version One Ventures also participated in the round.
 
Gencove solves the quandary by combining low-pass whole-genome sequencing (reading the DNA fewer times) with a proprietary software-as-a-service (SaaS) computation layer. The industries Gencove caters to are the researchers in biotech, pharma, biobanks, and academia. The company offers three types of solutions - Core, Discovery, and Plus Capture - where users can choose from depending on their needs. The company has also developed large cross-species genomic datasets and reference panels.

Gencove, Inc. plans to use the Series A funding for further product development, commercial growth, and to build out key business functions.

## Funding rounds

- Series A, Oct 26, 2021, $10M — Version One Ventures, Techammer, Lewis & Clark Ventures, Third Kind Venture Capital, Spero Ventures
- Seed, Jun 5, 2017, $1M — SV Angel, Version One Ventures, Refactor Capital, Third Kind Venture Capital

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed, Series A
- Refactor Capital (https://capitalatlas.ai/funds/refactor-capital) — Seed
- Third Kind Venture Capital (https://capitalatlas.ai/funds/third-kind-venture-capital) — Seed, Series A
- Techammer — Series A
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series A
- Spero Ventures (https://capitalatlas.ai/funds/spero-ventures) — Series A