Genomics Medicine Ireland raises $40M series A

Genomics Medicine Ireland Ltd. (Dublin, Ireland) raised $40 million in a series A round. Arch Venture Partners, Polaris Partners, Ireland Strategic Investment Fund and the GV venture arm of Alphabet Inc. (NASDAQ:GOOG) participated equally in the round.

Genomics Medicine intends to conduct population-scale genome studies in Ireland and build a disease-specific database in order to better understand the role of genetics and lifestyle factors in diseases, including rare conditions. The start-up aims to seek partners to develop better diagnostics and targeted therapies. ...