Investment Summary

Illumina Invests In Cache DNA

On March 16, 2022, Illumina invested in life science company Cache DNA

Investment Highlights
  • This is Illumina’s 12th transaction in the Life Science sector.
  • This is Illumina’s 18th transaction in the United States.
  • This is Illumina’s 10th transaction in California.

Investment Summary

Date 2022-03-16
Target Cache DNA
Sector Life Science
Investor(s) Illumina
Deal Type Stake Purchase

Target

Cache DNA

Foster City, California, United States
Cache DNA is a nucleic acid software and storage company from the Massachusetts Institute of Technology that is on a mission to unlock the information stored in nucleic acids through its breakthrough nucleic acid storage and access technology, helping customers in life sciences accelerate insights. Cache DNA was founded in 2021 and is based in Foster City, California.

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Investor(S) 1

Investor

Illumina

San Diego, California, United States

Category Company
Founded 1998
Sector Life Science
Employees10,590
Revenue 4.4B USD (2024)
DESCRIPTION
Entrance to Illumina's corporate headquarters in San Diego, California.
Entrance to Illumina's corporate headquarters in San Diego, California.

Illumina is a developer, manufacturer, and marketer of life science tools and integrated systems for the analysis of genetic variation and function. Illumina provides innovative sequencing and array-based solutions for genotyping, copy number variation analysis, methylation studies, gene expression profiling, and low-multiplex analysis of DNA, RNA, and protein. Illumina was formed in 1998 and is based in San Diego, California.


DEAL STATS #
Overall 22 of 31
Sector: Life Science M&A 12 of 20
Type: Stake Purchase M&A Deals 7 of 14
State: California M&A 10 of 12
Country: United States M&A 18 of 22
Year: 2022 M&A 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-16 Rethink Bio

Pune, India

Rethink Bio is a synthetic biology company focused on harnessing the potential of microalgae to develop sustainable food solutions to benefit the planet and people. Rethink Bio was founded in 2020 and is based in Pune, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Dama Health

London, United Kingdom

Dama Health is a women's health company that offers precision screening to identify the most suitable contraception type and formulation, empowering women, people assigned to females at birth, and clinicians to make personalized reproductive health decisions. Dama Health is based in London, United Kingdom.

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