Proteomics company raises $128 Million in Series C financing

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Proteomics company Alamar Biosciences closed $100 million in Series C financing with the second close of an additional $28 million expected to happen within the next 30 days.

This new capital brings Alamar’s total funding to date to nearly $250 million. The financing round was led by Sands Capital and included participation from new financial and strategic investors as well as existing major investors.

Concurrent with the financing, Ian Ratcliffe, Executive Managing Partner of Sands Capital, has joined the Company’s Board of Directors.

“Proteomics represents a dynamic and fast-growing market with significant opportunity for disruption as new platforms providing both higher sensitivity and multiplex capability are needed to accelerate proteomics research and translation,” said Ian Ratcliffe, Executive Managing Partner of Sands Capital.

Earlier this year, Alamar launched the ARGO HT System and the NULISAseq Inflammation Panel 250 for deep profiling of immune response.

In July 2022 the company announced a partnership with Abcam to further their understanding of the human proteome.

Diana Spencer, Senior Digital Content Editor, DDW

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