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The Silicon Review Asia

OriCiro Genomics Raises ¥800 million in Series B financing

OriCiro Genomics Raises ¥800 million in Series B financing

Tokyo-based OriCiro Genomics has announced that it has raised ¥800 million in Series B financing led by The University of Tokyo Edge Capital Partners (UTEC) with participation of ITOCHU Technology Ventures (ITV). The company has also said that it has received a ¥200 million long-term loan from Japan Finance Corporation (JFC), a government-affiliated financial institution, totaling ¥1 billion in this round of financing.

This means that OriCiro Genomics has so far raised ¥1.4 billion. The company’s major milestone was when it launched OriCiro Cell-Free Cloning System; it enables cell-free amplification of large circular DNA which eliminates the reliance on E. coli cloning.

"Cell-free processes are an enabling factor for the development and advancing gene and cell-based therapies and synthetic biology" said Seiji Hirasaki, CEO of OriCiro Genomics. In addition to the lead investor UTEC, OriCiro welcomed ITV as a new investor in this round. "Continued assistance from UTEC and participation by ITV which is backed by one of the largest trading companies in Japan, ITOCHU Corporation, will enable OriCiro to develop and deliver game-changing products and services using its innovative cell-free technology," said Seiji Hirasaki, CEO of OriCiro Genomics.


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