In a very exciting announcement from the news desk, ThinkGenetic announced the closure of its $1.5M Angel Funding round. (See the full announcement here.)
ThinkGenetic leaders, Dave Jacob and Len Barker, met with former Congressman Billy Tauzin while evaluating need for genetically focused technologies and services in Louisiana.
When asked about the incredible accomplishment, CEO Dave Jacob said, “We’ve had the honor of being considered and accepted to several accelerator programs. The excitement and passion in Lafayette is second to none. We are incredibly excited to close our first seed round and more importantly, to work with the wonderful people of Louisiana and open our third office in Lafayette.”
The closure of investment round comes after successful connections were made during the AccelerateSouth accelerator program, of which ThinkGenetic was a participant. The final $95,000 investment of five investors was led by entrepreneur and investor, Cian Robinson, Executive Director of the Innovation, Research, and Real Estate Investments division of Lafayette General Health System. Mr. Robinson has been active as a mentor to the company since ThinkGenetic was accepted into the Accelerate South accelerator program in Lafayette, Louisiana, in 2018.
So where will the funding go? ThinkGenetic plans to use the funds to expand its range of services and personnel, create new partnerships and develop new cutting-edge technology to complement current offerings. In addition, the new relationship with Lafayette General Health System will bring new services to Louisiana including clinical trials and electronic medical record reviews.
“We believe the future of ThinkGenetic to be bright and of great value to our patients in Acadiana,” says Robinson. “We look forward to working together to improve health in our communities by being a leader in driving innovation that delivers state-of-the-art outcomes.”
We encourage you to stay up to date on all the latest business developments of ThinkGenetic and the company’s progress, by visiting thinkgenetic.com and following us on social media using @ThinkGenetic.
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