Home Health Singaporean gut microbiome company AMILI scores $10.5M in Series A financing

Singaporean gut microbiome company AMILI scores $10.5M in Series A financing

Singapore-based precision gut microbiome company AMILI has raised $10.5 million in a Series A funding round led by technology and life sciences investor Vulcan Capital.

New investors also joined the round, including Pruksa Group, TVM Capital Healthcare, Emtek Group, Capital Code, Pureland Group, Blue7 and Enterprise Singapore’s investment arm SEEDS Capital.

WHAT IT DOES

Founded in 2019, the company is building a massive multi-ethnic repository of microbiome data and samples from Asia, including the only existing microbiome bank in Southeast Asia. It also develops diagnostic tests, predictive algorithms, and microbiome-modifying interventions through its proprietary analytics engine called AMILI Prime.

The database is used to help academic institutions and biotech companies identify new biomarkers for the formulation of gut health products, and to provide insights to food manufacturers.

Recently in Singapore, AMILI launched its consumer health brand BIO & ME, which offers probiotics and diagnostic tests based on its proprietary microbiome database. The brand is slated to roll out in the rest of Southeast Asia and Hong Kong later this year.

In addition, the company offers fecal microbiota transplants to help treat bacterial infections.

WHAT IS IT FOR?

According to a press statement, the fresh resources will be used shortly for further expansion in Southeast Asia and later in the rest of Asia. It will also support its pursuit of more research partnerships and discoveries, as well as the development of AMILI Prime.

WHY IT MATTER

While progress has been made in gut health research worldwide in recent years, “there is still a large gap in research representative of the Asian population,” said Vulcan Capital director Tommy Teo.

Currently, AMILI focuses its clinical research in three areas: health and wellness, oncology and response to microbiome-based therapies. Since 2019, it has conducted more than 20 studies — valued at over $40 million — across a range of health indications.

MARKET SNAPSHOT

Other microbiome players in the global market have also drawn money from investors in recent years. US based Viome Life Sciences, which offers microbiome testing and identifies biomarkers for chronic disease, closed $54 million in a pre-Series C round in November. The latest funds will support its clinical studies aimed at developing early stage diagnostics and therapies.

another company, Ombre has raised $3 million in seed funding, which will be used to improve gut health reports and probiotic recommendations on its mobile app.

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