Edinburgh Uni spin-out Wobble Genomics scoops £1.2m investment
Summary
Wobble Genomics, a spin-out from the University of Edinburgh’s Roslin Institute, has raised £1.2 million following an investment round led by Eos Advisory. Founded by CEO Richard Kuo in April 2021, the RNA sequencing specialist has developed a range of hardware and software tools that give scientists and clinicians a more detailed picture of underlying biology. The funding boost will also form part of a £2.15m seed-round which includes a deeptech venture capital firm and a small number of private investors. Richard Kuo, CEO and founder of Wobble Genomics commented: “There is a huge global market of scientists and clinicians who would buy our products as part of their sequencing work. “On top of this, we plan to target a higher value market by leveraging our existing technologies with the overall aim of being the first global company to build a picture of disease states that are encoded in RNA.” Andrew McNeill, Managing Partner, Eos Advisory, said: “Richard is already a globally respected researcher in RNA sequencing, and now has the ability to build a team to commercialise novel approaches that address the big issues and understanding of this exciting field of life science.