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Illumina Accelerator

North America, California, United States, San Francisco

Description

Illumina Accelerator is a preeminent company creation engine established by Illumina, a global leader in DNA sequencing and array-based technologies. Its core mission is to foster breakthrough genomics startups by providing seed investment, scientific expertise, and unparalleled access to cutting-edge technologies. The program is strategically designed to accelerate the development of early-stage companies leveraging genomics across diverse fields, including diagnostics, therapeutics, agriculture, and synthetic biology. It operates out of key biotech hubs, including South San Francisco, California, and Cambridge, UK, attracting promising ventures globally.

The accelerator runs a rigorous six-month program, offering participating startups a comprehensive suite of resources tailored to their growth. Each selected company receives an initial seed investment of $100,000 via a convertible note. Beyond this capital, startups gain invaluable access to Illumina's state-of-the-art sequencing platforms, reagents, fully equipped lab space, and a robust network of scientific and business mentors. The program also provides extensive business guidance and deep genomics expertise directly from Illumina's internal teams, significantly de-risking and accelerating the development of novel applications.

Since its inception in 2014, Illumina Accelerator has demonstrated a profound impact on the global genomics startup ecosystem. It has invested in a substantial number of companies, with 74 genomics startups from around the world having passed through its doors as of recent reports. The program's alumni have collectively achieved remarkable success in attracting further capital, having raised over $1.9 billion in venture capital funding post-program. This impressive track record underscores Illumina Accelerator's pivotal role in identifying, nurturing, and scaling promising ventures that are shaping the future of genomics and its applications.

Investor Profile

Illumina Accelerator has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 28 rounds, about 70% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Non Equity Assistance, Convertible Note rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Israel.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.
  • Typical check size: $100K.

Stage Focus

  • Seed (40%)
  • Non Equity Assistance (30%)
  • Convertible Note (20%)
  • Pre Seed (10%)

Country Focus

  • United States (60%)
  • United Kingdom (13%)
  • Israel (8%)
  • South Africa (5%)
  • Canada (3%)
  • Indonesia (3%)
  • India (3%)
  • Ireland (3%)
  • Poland (3%)
  • Mexico (3%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Health Diagnostics
  • Bioinformatics
  • Medical
  • Genetics
  • Agriculture
  • Life Science
  • Biopharma
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Illumina Accelerator frequently co-invest with?

First In Ventures
North America, Delaware, United States, Middletown
Co-Investments: 2
Fall Line Capital
North America, California, United States, San Mateo
Co-Investments: 1
UpHonest Capital
North America, California, United States, Palo Alto
Co-Investments: 1
Hyphen Capital
North America, California, United States, San Francisco
Co-Investments: 1
Refactor
North America, California, United States, Burlingame
Co-Investments: 1
Viking Global Investors
North America, Connecticut, United States, Stamford
Co-Investments: 3
Rhythm VC
North America, New York, United States, New York
Co-Investments: 1
ZORA Ventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 1
Saba Investments
North America, Texas, United States, El Paso
Co-Investments: 1
Axial VC
North America, California, United States, San Francisco
Co-Investments: 1

Which angels does Illumina Accelerator often collaborate with?

TD
Europe, Manchester, United Kingdom
Shared Deals: 1

What are some of recent deals done by Illumina Accelerator?

Nusantics

Jakarta, Jakarta Raya, Indonesia

A precision molecular diagnostics start-up that develops PCR and NGS-based solutions for both human and animal applications

BiotechnologyHealth CareHealth Diagnostics
Non Equity AssistanceSep 14, 2022
Viridian Seeds

Cork, Cork, Ireland

Viridian Seeds creates super-legumes to provide sustainable source of healthy, nutritious plant proteins.

Agriculture
SeedSep 14, 2022
Dama Health

London, England, United Kingdom

Dama Health offers insights into unique predispositions, efficacy and side effect profiles.

Health CareHealth DiagnosticsPharmaceutical
Non Equity AssistanceSep 14, 2022
Pandora Biosciences

Johannesburg, NA - South Africa, South Africa

Pandora Biosciences operates as a neuroscience company.

BiotechnologyMedical
Non Equity AssistanceSep 14, 2022
Acrobat Genomics

Foster City, California, United States

Acrobat Genomics uses its unique high-throughput CRISPR gene editing precision technology to create a pipeline of new therapies.

BiotechnologyGeneticsProduct Research
Non Equity AssistanceSep 14, 2022
Terrapeutics Pharma

Jerusalem, Yerushalayim, Israel

Terrapeutics Pharma develops a drug discovery platform.

MedicalPharmaceutical
Non Equity AssistanceSep 14, 2022
CRISP-HR Therapeutics

San Carlos, California, United States

CRISP-HR a therapeutics company has developed a proprietary, next-generation CRISPR platform to create novel therapeutics for rare diseases.

BiotechnologyLife ScienceTherapeutics
Non Equity AssistanceMar 16, 2022
Rethink Bio

Pune, Maharashtra, India

Rethink Bio focused on harnessing the potential of microalgae to develop sustainable food solutions to benefit the planet and people.

BiotechnologyTherapeutics
Non Equity AssistanceMar 16, 2022
B4XTherapeutics

Atlanta, Georgia, United States

B4X is a new startup company, turning biological big data into breakthrough cures for debilitating diseases of the brain.

BiotechnologyHealth DiagnosticsTherapeutics
Non Equity AssistanceMar 16, 2022
4SR Biosciences

Chicago, Illinois, United States

4SR Biosciences is a diagnostics and therapeutics company.

BiotechnologyHealth DiagnosticsTherapeutics
Non Equity AssistanceMar 16, 2022