About Molecular Loop
Molecular Loop is a company based in Boston (United States) founded in 2018 by Greg Porreca.. Molecular Loop has raised $1.79 million across 1 funding round. The company has 12 employees as of December 31, 2022. Molecular Loop has completed 1 acquisition, including Good Start Genetics. Molecular Loop offers products and services including LoopCap Technology, Custom Panels, and SARS-CoV-2 Research Panel. Molecular Loop operates in a competitive market with competitors including Nanopore, PacBio, Omniome, Complete Genomics and QuantuMDx, among others.
- Headquarter Boston, United States
- Employees 12 as on 31 Dec, 2022
- Founders Greg Porreca
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Molecular Loop Biosciences, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.79 M (USD)
in 1 rounds
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Latest Funding Round
$1.79 M (USD), Seed
Jan 25, 2022
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Investors
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Employee Count
12
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Molecular Loop
Molecular Loop offers a comprehensive portfolio of products and services, including LoopCap Technology, Custom Panels, and SARS-CoV-2 Research Panel. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables single-tube workflow for target capture in next-generation sequencing.
Allows flexible design of custom sequencing panels for research applications.
Facilitates pathogen coverage for infectious disease genomic analysis.
Funding Insights of Molecular Loop
Molecular Loop has successfully raised a total of $1.79M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.79 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.8M
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First Round
First Round
(25 Jan 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - Molecular Loop | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Molecular Loop
Molecular Loop has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Good Start Genetics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Molecular diagnostics for inherited genetic disease screening are provided.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Molecular Loop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Molecular Loop Comparisons
Competitors of Molecular Loop
Molecular Loop operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nanopore, PacBio, Omniome, Complete Genomics and QuantuMDx, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Nanopore-based electronic systems for single-molecule analysis are developed.
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| domain | founded_year | HQ Location |
Instrument systems and software for single-molecule real-time sequencing are developed.
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| domain | founded_year | HQ Location |
Genome sequencing platform is provided for clinical diagnostics.
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| domain | founded_year | HQ Location |
DNA sequencing platform for human genome analysis is developed.
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| domain | founded_year | HQ Location |
Handheld diagnostic and sequencing devices are developed for personalized healthcare.
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| domain | founded_year | HQ Location |
Provider of genome analysis solutions to researchers and clinicians
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Molecular Loop
Frequently Asked Questions about Molecular Loop
When was Molecular Loop founded?
Molecular Loop was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Molecular Loop located?
Molecular Loop is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Molecular Loop?
Greg Porreca is the current CEO of Molecular Loop. They have also founded this company.
Is Molecular Loop a funded company?
Molecular Loop is a funded company, having raised a total of $1.79M across 1 funding round to date. The company's 1st funding round was a Seed of $1.79M, raised on Jan 25, 2022.
How many employees does Molecular Loop have?
As of Dec 31, 2022, the latest employee count at Molecular Loop is 12.
What does Molecular Loop do?
Founded in 2018 and based in Boston, United States, the company operates in the biotechnology sector. Ultra-high-throughput next-generation sequencing solutions are provided for clinical applications and large-scale research projects. Workflow simplification is achieved, along with reductions in cost and time, while throughput is increased and result quality is maintained. Targeted DNA sequencing technology forms the core of these operations.
Who are the top competitors of Molecular Loop?
What products or services does Molecular Loop offer?
Molecular Loop offers LoopCap Technology, Custom Panels, and SARS-CoV-2 Research Panel.
How many acquisitions has Molecular Loop made?
Molecular Loop has made 1 acquisition, including Good Start Genetics.
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