Investments
51Portfolio Exits
5Funds
2Partners & Customers
1Service Providers
1About Illumina Ventures
Illumina Ventures pursues investments in early stage companies that are pioneering new applications of nucleic acid sequencing, developing products that will expand the genomics ecosystem, and utilizing genomics to improve human health.
Illumina Ventures Headquarter Location
499 Illinois Street Suite 210
San Francisco, California, 94158,
United States
858-210-1824
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Latest Illumina Ventures News
Jun 28, 2022
News provided by Share this article Share this article Investment from LifeArc, Illumina, and Illumina Ventures will fund genomics startups for Illumina Accelerator Cambridge graduates SAN DIEGO, June 28, 2022 /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN ), a global leader in DNA sequencing and array-based technologies, today announced its participation in Time Boost Capital I LP, a £30 million genomics venture fund dedicated to providing match funding to startups graduating from Illumina Accelerator Cambridge with the aim to advance breakthroughs in human health. Illumina Accelerator, located in both San Francisco and Cambridge, is a company creation engine that partners with entrepreneurs to create genomics startups and advance innovative applications. Illumina joins a select group of US and European investors in the life sciences fund, including cornerstone investor LifeArc. Illumina announced its participation in Time Boost Capital I LP, a £30 million genomics venture fund dedicated to providing match funding to startups graduating from Illumina Accelerator Cambridge with the aim to advance breakthroughs in human health. Illumina Accelerator is a company creation engine that partners with entrepreneurs to create genomics startups and advance innovative applications. Since opening in July 2020, Illumina Accelerator Cambridge has launched 13 startups focused on harnessing genomics applications to improve human health, including novel therapeutics, diagnostics, synthetic biology, research tools, and agriculture. In addition, approximately 54% of Illumina Accelerator Cambridge startups have been founded by women—by comparison, in 2020, only 20% of all new startups over the previous year had female founders, according to CrunchBase. "Time Boost Capital Fund will further propel our Illumina Accelerator Cambridge startups and advance our mission to improve human health by unlocking the power of the genome," said Amanda Cashin, PhD, cofounder and global head of Illumina for Startups. "Cambridge is a leading global hub for life science innovation and entrepreneurship, and this dedicated venture fund will attract the most exceptional entrepreneurs from across the globe." Time Boost Capital's £30 million in capital commitments from select US and European investors include a £10 million commitment from LifeArc, a leading UK independent medical research charity, and investment from Illumina Ventures, an independent fund investing in genomics and precision health. Time Boost Capital will provide pound-for-pound match funding to every Illumina Accelerator Cambridge graduate that secures between £500,000 and £4 million in new capital from qualified investors within 18 months of acceptance. The fund is advised by Time Partners, a private markets investment adviser focused on long-term investment solutions. "We are proud to partner with Illumina, a global leader in next-generation sequencing technologies," said Mark Florman, CEO of Time Partners Limited. "Illumina is making a significant commitment to supporting new growth in the field through Illumina Accelerator. As an investment advisor to Time Boost Capital, we have the unique opportunity to back some of the most promising new genomics businesses in the world." During two 6-month funding cycles each year, Illumina Accelerator provides selected startups with access to seed investment, Illumina sequencing systems and reagents, business guidance, genomics expertise, and fully operational lab space adjacent to Illumina's campuses in Cambridge and the San Francisco Bay Area. "Illumina Accelerator's track record in building breakthrough genomics startups is unparalleled," said Alex Aravanis, MD, PhD, chief technology officer of Illumina. "The partnership with Time Partners to provide match funding to our graduates of Illumina Accelerator Cambridge will further advance innovative genomic discoveries that will benefit people around the world." Illumina Accelerator Cambridge alumni include Alchemab Therapeutics Ltd. , a therapeutics company pioneering the next generation of antibody drugs, which successfully raised £60 million in series A funding upon graduation. Another alumni is recent graduate Broken String Biosciences Ltd ., a sequencing tools company focused on assessing the stability of the genome, which secured £3 million in seed funding. Illumina Accelerator is accepting applications for the next global funding cycle, which are due by October 1, 2022. Through a single, global application process, Illumina Accelerator will select up to five companies in each location. To learn more and apply, please visit illumina.com/science/accelerator.html . About Illumina for Startups Illumina for Startups is focused solely on creating an innovation ecosystem for the genomics industry by partnering with leading venture capital investors and entrepreneurs to create, launch, and grow genomics startups. Illumina for Startups initiatives include Illumina Accelerator, founded in 2014, and Sequoia Capital China Intelligent Healthcare Genomics Incubator, powered by Illumina, founded in 2021. Illumina Accelerator is a company creation engine colocated with Illumina research and development sites in the San Francisco Bay Area and Cambridge, England. Since its inception, Illumina Accelerator has invested in 68 genomics startups across the globe, which have collectively raised over $1 billion in venture capital funding. Approximately 93% of Illumina Accelerator investments have gone on to raise additional capital from leading investors. For more information, visit illumina.com/science/accelerator.html . About Time Partners Time Partners provides independent tailored solutions to major family businesses and institutions across the world with a particular focus on building and creating sustainable investing strategies. We provide specialist advice to investors seeking to build long-term private markets investment programmes and strategic advice to institutions seeking solutions in corporate finance, restructuring, and the design of investment vehicles with a broader purpose. Time Partners was formed in 2013 as a private markets investment adviser combining best advice, creative solutions and a client first philosophy. For more information, visit our website . About LifeArc LifeArc is a self-funded medical research charity. Our mission is to advance translation of early science into health care treatments or diagnostics that can be taken through to full development and made available to patients. We have been doing this for more than 25 years and our work has resulted in a diagnostic for antibiotic resistance and four licensed medicines. Our success allows us to explore new approaches to stimulate and fund translation. We have our own drug discovery and diagnostics development facilities, supported by experts in technology transfer and intellectual property who also provide services to other organisations. Our model is built on collaboration, and we partner with a broad range of groups including medical research charities, research organisations, industry and academic scientists. Find out more about our work on www.lifearc.org or follow us on LinkedIn or Twitter . About Illumina Ventures Illumina Ventures is an independently managed, health-care-focused venture firm in a strategic partnership with Illumina. As an early-stage, value-add investor, Illumina Ventures helps entrepreneurs develop breakthrough science and technologies into market-leading companies to transform healthcare. The firm focuses on investment in life science tools, therapeutics, diagnostics, and personal wellness. For more information, visit illuminaventures.com . About Illumina Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on Twitter , Facebook , LinkedIn , Instagram , and YouTube . Investors:
Illumina Ventures Investments
51 Investments
Illumina Ventures has made 51 investments. Their latest investment was in Baebies as part of their Series C on May 5, 2022.
Illumina Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/3/2022 | Series C | Baebies | $37.57M | No | 1 | |
3/8/2022 | Series B | Sherlock Biosciences | $80M | Yes | 18 | |
2/15/2022 | Series D | Kallyope | $236M | No | 20 | |
11/23/2021 | Convertible Note | |||||
11/9/2021 | Series B |
Date | 5/3/2022 | 3/8/2022 | 2/15/2022 | 11/23/2021 | 11/9/2021 |
---|---|---|---|---|---|
Round | Series C | Series B | Series D | Convertible Note | Series B |
Company | Baebies | Sherlock Biosciences | Kallyope | ||
Amount | $37.57M | $80M | $236M | ||
New? | No | Yes | No | ||
Co-Investors | |||||
Sources | 1 | 18 | 20 |
Illumina Ventures Portfolio Exits
5 Portfolio Exits
Illumina Ventures has 5 portfolio exits. Their latest portfolio exit was Cernostics on October 19, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/19/2021 | Acquired | 3 | |||
Date | 10/19/2021 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
Illumina Ventures Fund History
2 Fund Histories
Illumina Ventures has 2 funds, including Illumina Innovation Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
9/20/2021 | Illumina Innovation Fund II | $325M | 3 | ||
10/16/2017 | Illumina Innovation Fund I |
Closing Date | 9/20/2021 | 10/16/2017 |
---|---|---|
Fund | Illumina Innovation Fund II | Illumina Innovation Fund I |
Fund Type | ||
Status | ||
Amount | $325M | |
Sources | 3 |
Illumina Ventures Partners & Customers
1 Partners and customers
Illumina Ventures has 1 strategic partners and customers. Illumina Ventures recently partnered with AltaReturn on April 4, 2017.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/24/2017 | Vendor | United States | AltaReturn selected by Illumina Ventures - Allvue Systems About Illumina Ventures : Illumina Ventures is an independently-managed venture fund with A strategic partnership with Illumina Ventures . | 1 |
Date | 4/24/2017 |
---|---|
Type | Vendor |
Business Partner | |
Country | United States |
News Snippet | AltaReturn selected by Illumina Ventures - Allvue Systems About Illumina Ventures : Illumina Ventures is an independently-managed venture fund with A strategic partnership with Illumina Ventures . |
Sources | 1 |
Illumina Ventures Service Providers
1 Service Provider
Illumina Ventures has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
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Counsel |
Service Provider | |
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Associated Rounds | |
Provider Type | Counsel |
Service Type |
Partnership data by VentureSource
Illumina Ventures Team
2 Team Members
Illumina Ventures has 2 team members, including current Founding Partner, Nicholas Naclerio.
Name | Work History | Title | Status |
---|---|---|---|
Nicholas Naclerio | Founding Partner | Current | |
Patrick Gordan | Chief Operating Officer | Former |
Name | Nicholas Naclerio | Patrick Gordan |
---|---|---|
Work History | ||
Title | Founding Partner | Chief Operating Officer |
Status | Current | Former |
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