Elegen

Elegen

Custom DNA synthesis for biotech applications

About

Elegen focuses on improving the DNA manufacturing process within the synthetic biology sector. The company provides custom DNA synthesis services to researchers, biotech companies, and pharmaceutical firms that need high-quality synthetic DNA for applications like biomanufacturing and mRNA-based treatments. Elegen uses advanced technologies to ensure fast turnaround times and high accuracy in DNA synthesis, which are essential for its clients' projects. Unlike its competitors, Elegen not only streamlines traditional DNA manufacturing workflows but also enables the production of valuable biologics and small molecules. The company's goal is to support the growing bioeconomy by facilitating the development of advanced therapeutics and mRNA medicines.

Company Stage

Series B

Employees

51-200

Industries

Biotechnology, Healthcare

Total Funding

$34M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • The recent $35M Series B funding, led by prominent investors like Triatomic Capital and GSK, will accelerate the expansion of Elegen’s ENFINIA™ DNA product line and enhance its clinical manufacturing capabilities.
  • Elegen's collaboration and licensing agreement with GSK to use their proprietary cell-free DNA manufacturing technology in developing vaccines and medicines highlights the company's potential for significant industry impact.
  • The commercial launch of the enhanced ENFINIA™ DNA, which offers highly complex DNA in as fast as 10 business days, positions Elegen as a leader in rapid and reliable DNA synthesis.

What critics are saying

  • The synthetic biology market is highly competitive, requiring Elegen to continuously innovate to maintain its edge.
  • Dependence on key partnerships, such as with GSK, could pose risks if these relationships were to change or dissolve.

What makes Elegen unique

  • Elegen's cell-free DNA manufacturing technology offers a significant advantage over traditional plasmid-based methods, reducing contamination risks and accelerating production timelines.
  • The company's ENFINIA™ DNA product line provides highly complex, NGS-verified DNA with rapid turnaround times, setting a new industry standard.
  • Elegen's Early Access Program fosters strong client relationships and provides an additional revenue stream by offering early access to their latest DNA breakthroughs.

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Growth & Insights
Headcount

6 month growth

33%

1 year growth

45%

2 year growth

141%

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