Verge Genomics Raises $4M in Seed Financing

Verge Genomics, a drug discovery startups has recently been funded with a total $4 million. The seed financing round led by IA Ventures also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Ventures and private investors.

Verge claims to find new cures for brain diseases 1000 time  cheaper and quicker using their proven network algorithms.

The startup was recently launched through the prestigious YCombinator accelerator program. Founded by scientists from the world’s leading neurogenomics labs at UCLA, Verge a privately held biopharmaceutical company focuses on neurodegenerative diseases.

verge-genomics-raises-4m-in-seed-financing

The company also focuses on accelerating drug development for neurodegenerative diseases, such as Alzheimer’s Disease, Amyotrophic Lateral Sclerosis (ALS), and Parkinson’s Disease, utilizing its proven network algorithms. The recent explosion of genomic data, together with an increased understanding of the biological underpinnings of neurodegenerative disease, offer a unique opportunity to develop effective treatments with unprecedented efficiency and precision.

The funding will mainly be used to expand development on its leading algorithmic platform while advancing several existing lead candidates through further preclinical proof of concept experiments, as stated in a press note by Verge.

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