Cambridge Enterprise portfolio company and fast-scaling genomic data technology company, Zetta Genomics, has secured £1.8 million in a second seed funding round.

New investment comes from existing VC backers as the company configures for Series A funding. Lead investor Nina Capital is joined by APEX Ventures and Cambridge Enterprise in a funding round that positions Zetta Genomics for growth as it approaches Series A funding in 2024. The successful close demonstrates ongoing confidence in Zetta Genomics and its transformational XetaBase platform – to unlock the improved research, medical and healthcare outcomes of genomics at scale.

Zetta Genomics team The Zetta Genomics team

The latest £1.9 million investment accelerates momentum and builds on Zetta Genomics’ £2.5 million first seed round secured in February 2022. In just 13 months, the company has attracted global leadership talent – including CEO Mark Bailey, grown headcount from five to 30, opened its new Cambridge HQ and Valencia office, expanded genomes under management to over 120,000, progressed towards CA, CE and ISO 20000-1 certification; met an ambitious £800,000 revenue target and built out strategic partnerships with industry leaders including Microsoft, Fujitsu and Syneos. 

Today’s seed funding exceeded our initial ask, showing the excitement building around Zetta Genomics’ game changing XetaBase data analytics platform. We now have the strategic headroom to configure for growth – to scale our technologies, enhance customer focus, and create a cycle of ongoing product innovation. This investment sees us one step closer to realising predictive, precision genomics – transforming research, healthcare and the lives of millions.

Mark Bailey, CEO, Zetta Genomics

Zetta Genomics is a company in the right place at the right time with the right technology. Genomic-enabled predictive and precision medicine promises uniquely targeted research, therapeutics and care. Preventing avoidable conditions and treating disease efficiently and effectively, we will see radical improvements not just in health, but health economics. It is a future that depends on transformational genomic data management and analytics – and Zetta Genomics is uniquely positioned to deliver.

Marc Subirats, Partner, Nina Capital

Cambridge Enterprise is committed to developing and investing in high-impact technologies emerging from the University of Cambridge. It was apparent from our early meetings with the founder, Ignacio Medina, that Zetta Genomics was developing not only a high-impact technology, but a paradigm-shifting one. By helping to enable the era of genomic medicine, we believe the Zetta platform has the potential to improve health outcomes for millions of people around the world in the next few years. We are delighted to see the strong progress the company has made and very much look forward to continuing to support them.

Dr Elaine Loukes, Investment Director, Cambridge Enterprise