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Elegen

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Elegen is a biotechnology company that develops microfluidic technology

San Carlos, United StatesFounded 2017Biotech & Life Sciences
Valuation $100–250M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Elegen and the history behind them.

About Elegen

Elegen Corporation is a cutting-edge startup operating in the synthetic biology sector, focusing on revolutionizing the DNA manufacturing process. The company aims to address the growing demands of the bioeconomy by providing innovative solutions that streamline and enhance the production of synthetic DNA. Elegen's primary clients include researchers, biotech companies, and pharmaceutical firms that require high-quality, complex, and long synthetic DNA for various applications such as biomanufacturing, therapeutics, and mRNA-based treatments.

Elegen operates in the synthetic biology market, which is a rapidly growing field that combines biology and engineering to design and construct new biological parts, devices, and systems. The company leverages advanced technologies and methods to offer fast turnaround times and high accuracy in DNA synthesis, which are critical for its clients' research and development efforts.

The business model of Elegen is centered around providing custom DNA synthesis services. They generate revenue by offering these services to clients who need precise and reliable synthetic DNA for their projects. Additionally, Elegen has an Early Access Program that allows a select group of innovators to gain early access to their latest DNA breakthroughs, creating an additional revenue stream and fostering strong client relationships.

Elegen's innovative approach not only reduces the time and cost associated with traditional DNA manufacturing workflows but also enables the production of valuable small molecules, therapeutically relevant biologics, antibodies, and cytokines. This positions Elegen as a key player in the synthetic biology and biomanufacturing industries, helping to drive forward the next wave of mRNA medicines and other advanced therapeutics.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
San Carlos, United States
Employees
73
Open positions
None listed
Dealroom signal
60.4/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, DNA, Genetics and genomics, Synthetic Biology, Tech for Biotech and Pharma, Biotech and Pharma, DT and LS, science-based
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES B✓Equity / VC May 2024 $35M $140M Andreessen Horowitz · ACVC Ventures · John Ballantyne · Triatomic Capital ↗
SEEDEquity / VC Jul 2020 $0 — Alix Ventures —
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Growth signals

Elegen website traffic

Latest recorded traffic for Elegen is 6.6K monthly website visits, up 43.5% over the last three months. Elegen's team declined 15.1% over the past year.

Latest monthly visits6.6K 3-month web change+43.5% 1-year team growth-15.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Pioneer BiolabsB2B biomanufacturing company leveraging its proprietary genomic screening platform to engineer and optimize microbial cells for protein production Provo, United States Operational 4 — —
NucleraMaking biology accessible by providing researchers a desktop bioprinter capable to produce genes and proteins in one day Cambridge, United Kingdom Operational
Touchlight GeneticsDevelops a DNA production platform designed for the development of DNA vaccines for oncology and infectious diseases London, United Kingdom Operational
Proxima BioFormerly VantAI. Proximity therapeutics hijacking cellular machinery for protein degradation New York City, United States Operational
Octarine BioHarnessing the powers of synthetic biology to develop rare and superior cannabinoids and psychedelic derivatives Copenhagen, Denmark Operational
EmpiricoHuge biological datasets, human genetics, and programmable biology to power novel target discovery and development San Diego, United States Operational
Octant BioDeveloping synthetic technology and applying next-generation DNA sequencing, gene synthesis, and gene editing to discover safer, more effective, cheaper drugs Emeryville, United States Operational
EGenesisA gene editing and genome engineering company committed to the development of safe and effective human transplantable organs, tissues, and cells to address the global organ crisis Cambridge, United States Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Alix Ventures

Series A10 investors entered at this stage

Other known investors3 additional known investors

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Elegen on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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