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Swift Biosciences
Genomic library preparation kits for next-generation sequencing
About Swift Biosciences
Swift Biosciences, founded in 2010 by David C. Olson, develops and commercializes library preparation kits and reagents for next-generation sequencing (NGS). Headquartered in Ann Arbor, Michigan, the company provides tools for academic, translational, and clinical research. Its products are used in various fields, including oncology, agrigenomics, metagenomics, and inherited disease research.
The company's product portfolio is designed to accelerate and streamline DNA and RNA sample preparation for NGS instruments from providers like Illumina and Ion Torrent. Key offerings include the Accel-NGS® DNA and Methyl-Seq DNA library kits, which utilize a proprietary Adaptase™ technology to enable library creation from low-input or challenging samples like cell-free DNA and formalin-fixed, paraffin-embedded (FFPE) tissues. These kits aim to maximize data output, provide comprehensive genome coverage, and lower sequencing costs for researchers. Swift Biosciences also developed amplicon panels for detecting specific, clinically relevant mutations and products to support SARS-CoV-2 research.
After raising approximately $35.2 million over several funding rounds from investors including Arboretum Ventures and Fletcher Spaght, Swift Biosciences was acquired by Integrated DNA Technologies (IDT), a Danaher subsidiary, in March 2021. Following the acquisition, Swift's team and operations continued in Ann Arbor, with its products being integrated into IDT's xGen™ NGS portfolio.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Mar 2021 | $0 | — | Integrated DNA Technologies | — |
| DEBT✓Debt | Nov 2018 | $4M | — | Undisclosed | — |
Growth signals
Latest recorded traffic for Swift Biosciences is 310 monthly website visits, up 138.5% over the last three months.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Mercury Fund
Fletcher Spaght, Inc.
Fletcher Spaght Ventures
Renaissance Venture Capital Fund
Series B and later1 investor entered at this stage
Arboretum Ventures
Other known investors1 additional known investor
Integrated DNA Technologies
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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