Blueprint Genetics raises $3.9 Million in funding, leading to US expansion.

Blueprint Genetics is glad to announce that Inventure and Avohoidon Tutkimussäätiö, a Finnish foundation, have joined the existing investors of the company.

Previously, the company has been financed by Finnish business angels and Tekes, the Finnish Funding Agency for Innovation. The funding for Blueprint Genetics now totals $3.9 million, allowing the company to accelerate international expansion.

Blueprint Genetics provides a clinical grade genetic diagnostics platform using a proprietary Next-Generation Sequencing (NGS) technology. The company uses a targeted sequencing technology that was developed in Stanford University, providing superior quality, lead-time, and cost-efficiency. The panel tests of the company are the most comprehensive on the market.

Academic research has identified the molecular genetic background of more than 3,500 inherited diseases. Due to lack of sophisticated enough genetic diagnostics a large part of patients are left without diagnosis and clinical follow up. Blueprint Genetics is set to change this.

In 2013, the company entered the market with its first product category, providing diagnostics for inherited cardiovascular disorders. Today, Blueprint Genetics serves more than 60 hospital customers in 10 countries, and is constantly expanding. The company is now launching its US office to boost sales in North America.