Delfi Diagnostics, Inc., a Baltimore and Palo Alto, CA-based developer of a new class of high-performance, accessible liquid biopsy tests for early cancer detection and monitoring, announced that it raised $225 million in Series B.
This round of financing was led by DFJ Growth with participation from Eli Lilly and Company, Point72, Brown Advisory, Point Field Partners, Initiate Ventures, Open Field Capital, PTX Capital.
All existing investors including Cowen Healthcare Investments, Foresite Capital, Menlo Ventures, OrbiMed, funds and accounts advised by T. Rowe Price Associates, Inc., Northpond Ventures, Samsara BioCapital, Rock Springs Capital, AV8 Ventures, Illumina Ventures, Osage University Partners, and Windham Venture Partners participated in the round.
This funding will support the continued development and commercialization of high-quality and accessible blood tests for single cancer early detection, multi-cancer early detection, and treatment monitoring.
Company: Delfi Diagnostics, Inc.
Raised: $225.0 M
Round: Series B
Funding Month: July 2022
Lead Investors: DFJ Growth
Additional Investors: Eli Lilly, Point72, Brown Advisory, Point Field Partners, Initiate Ventures, Open Field Capital, PTX Capital, Cowen Healthcare Investments, Foresite Capital, Menlo Ventures, OrbiMed, T. Rowe Price Associates, Inc., Northpond Ventures, Samsara BioCapital, Rock Springs Capital, AV8 Ventures, Illumina Ventures, Osage University Partners, and Windham Venture Partners
Company Website: https://delfidiagnostics.com/
Software Category: DNA Evaluation of Fragments for early Interception
About the Company: Delfi is developing a new class of liquid biopsy tests for early detection based on altered genome-wide fragmentation profiles, also known as "fragmentomes," representing aberrant packaging of DNA in cancer cells. By applying advanced machine learning algorithms, these fragment patterns are detectable at a very low sequencing cost. Delfi ("DNA Evaluation of Fragments for early Interception") is using this technology to develop highly sensitive and specific cancer detection assays intended for wide and cost-effective distribution and adoption.
Source: https://www.prnewswire.com/news-releases/delfi-diagnostics-announces-225-million-series-b-financing-to-develop-globally-accessible-portfolio-of-liquid-biopsy-tests-301587841.html