Dynasty Gene Raised Tens of Million Yuan Financing

On August 17th, the DNA synthesis technology company Dynasty Gene has completed tens of million yuan financing. This round of financing was led by Volcanics Venture.

Founded in January 2018, Dynasty Gene is an innovative high-tech company dedicated to the development and application of synthetic biology. 

Dynasty Gene has successfully developed the Micropore high-throughput DNA synthesis platform with independent intellectual property rights and the original QuarXeq double-stranded RNA probe capture technology. Based on them, it has launched a variety of products, including solutions of liquid biopsy Protocols, liquid-based probe capture and amplicon capture of various NGS library capture kits, probes, and oligonucleotide pool design synthesis services, as well as automated workstation solutions.

Mr. Zhang Mancang, CTO of Dynasty Gene, believes that synthetic biology is a high-tech discipline that leads the future. It has a wide range of applications, including high-throughput sequencing, artificial gene combination, DNA information storage, antibody optimization, and personalized tumor vaccines.

"We have covered many hospitals and third-party medical testing institutes, biomedical R&D companies and universities. We expect that by the end of 2019, the annual revenue scale will increase by 2 to 3 times," said Chen Yiqun, CEO of Dynasty Gene.

The team of Dynasty Gene consists of 9 doctors, 11 masters, and 9 undergraduate multidisciplinary young talents. According to 36kr, its chairman and chief scientist, Shi Yong, is a Distinguished/Tenure Professor of Shanghai Jiao Tong University, and a recipient of the National Science Fund for Outstanding Youth. Besides, other executives mainly graduate from high-ranking universities and have years of experience in the field of molecular biology.

"Our investment is based on two aspects. On the one hand, the team of Dynasty Gene was led by first-class scientists. On the other hand, the company had a clear application strategy," said Liu Kai, the vice president of Volcanics Venture.

Volcanics Venture was founded in May 2016. It serves the most promising companies and outstanding entrepreneurs in internet innovation, intelligent technology, and the healthcare industry.