Financing › Details

Lightcast Discovery–SEVERAL: investment, 201909 seed financing round £1.3m ($1.6m) from private investors

 

Period Period 2019-09-09
Organisations Money taker Lightcast Discovery Ltd.
  Money source PRIVATE INVESTORS
Products Product cell analysis technology
  Product 2 venture capital
     

Lightcast Discovery Ltd (“Lightcast”), an early stage developer of a next-generation microfluidic platform aiming to revolutionise complex cell analysis, today announces that it has raised £1.3 m (USD 1.6m) in seed financing from private investors to develop the capabilities and applications of its platform including continuing to expand its range of pilot studies.

Originating from work carried out by the founders at Base4 in Cambridge, UK, Lightcast has attracted substantial interest from major pharma companies and leading academic groups, and is engaged in collaborative studies across a variety of applications. The platform offers game-changing capabilities in a wide range of fields including drug discovery, cell therapy, antibody/biologic discovery, CRISPR screening, immuno-oncology, cell line development, stem cells, and synthetic biology.

“There is a drive towards increasingly complex cell analysis across life science, often using single cells. However, the tools to run effective single-cell workflows, particularly those with cell-cell interactions, multi-parameter cell selections, or cell-by-cell recovery, just aren’t there at the moment,” explained Cameron Frayling, CEO of Lightcast.

“The technology we’ve developed allows for a dramatic increase in the complexity of automated operations that can be performed at scale and using high quality imaging. Working with our partners, the unique capabilities of our platform are enabling a truly exciting range of high-impact applications. Ahead of commercial launch, we plan to develop successive prototypes with greater power and scale to enable our users to really advance their discoveries.”

Lightcast’s automated cell manipulation platform offers unrivalled flexibility and control, enabling complex and completely novel cell-based applications and workflows to be performed at scale and at speed. Software generated light patterns are employed to precisely manipulate thousands of individual cell- and reagent-containing microdroplets independently and in parallel. Live cells can be cultured, assayed, recovered and monitored at the single-cell level, pushing the current boundaries of complex cell analysis.

The Company has multiple pilot collaborations underway, driving advances in new science, clinical approaches, therapies and innovative products. These include projects in immuno-oncology, in which the mechanism of action of a leading new biologic drug is being screened in a multi-step, on-chip reaction between model cancer cells and T-cells, and in antibody development, in which discovery assays are being implemented on-chip to dramatically shorten the time to screen the immune repertoire of a host, accelerating lead discovery.

Lightcast was co-founded earlier this year by Cameron Frayling, CEO, and Dr Tom Isaac, Chief Scientist, and has been developing an extensive patent portfolio covering the technology, methods and apparatus.

The Company is actively seeking collaborators and development partners with an interest in implementing new, cutting-edge assays on the Lightcast platform, and is expanding its multidisciplinary team to help carry out this work, actively recruiting across a number of science and engineering roles in Cambridge, UK.

Driven by the broad potential of its platform, Lightcast is exploring a Series A financing to accelerate the Company’s development and advance the platform to commercial launch.


- ENDS -


Notes to Editors


About Lightcast Discovery Ltd

Lightcast is pushing the boundaries of complex cell analysis with its next generation microfluidic platform. Through working on a number of high-value and high-impact pilot studies with major pharmaceutical companies and leading academic institutes, Lightcast is enabling researchers to discover more. Together with its collaborators, Lightcast is making advances towards new science, unique clinical approaches, new therapies and innovative products.

Recognised as potentially game-changing for the industry, Lightcast’s revolutionary cell manipulation platform has the ability to transform how cells are controlled, cultured and assayed, dramatically simplifying and shortening the complexity of cell analysis workflows. Thousands of individual cells can be manipulated independently and in parallel, providing unprecedented control.

Lightcast is a private company headquartered in Cambridge, UK. Founded in 2019, the Company is based on technology developed at Base4 Innovation. Lightcast will be exploring a Series A financing to advance the platform to commercial launch, following its successful £1.3m seed round.

www.lightcastdiscovery.co.uk


For more information please contact:

Lightcast Discovery Ltd:
Cameron Frayling, CEO
E: c.frayling@lightcastdiscovery.co.uk

Instinctif Partners:
Sue Charles / Dr Eileen Paul / Dr Katie Duffell
T: +44 20 7457 2013
E: lightcast@instinctif.com

   
Record changed: 2019-09-09

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