San Diego Startup BioNano Genomics Banks $68.4 Million

NEW YORK (GenomeWeb) – BioNano Genomics said in a regulatory document that it raised $68.4 million in a financing round.

A spokesperson for the San Diego-based genomic mapping company told GenomeWeb that the amount includes a total of $53 million that BioNano raised in its Series C financing round. The funding will be used to expand the firm’s commercialization efforts, develop and launch a next-generation system, and establish BioNano’s diagnostics roadmap, “including readiness of a cytogenetics assay,” she said.

The company declined to name the investors, but in a document filed with the US Securities and Exchange Commission on Tuesday, it said that there were 17 participants in the financing round.

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