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- Omniome
Omniome Acquisition, Valuation, Funding & Investors
Omniome was acquired by Pacific Biosciences for $800M in July 2021.
Cumulative funding Omniome raised
$127M
across 3 funding rounds
Key investors in Omniome
ARCH Venture Partners
Decheng Capital
Domain Associates
Altitude Life Science Ventures
Biomatics Capital Partners
Nan Fung Life Sciences
Hillhouse Investment
Madrone Capital Partners
About Omniome
Omniome was a San Diego-based genomics company, founded in 2013, that developed a proprietary DNA sequencing platform using its Sequencing By Binding (SBB) technology to deliver higher accuracy than existing next-generation sequencing platforms. The company was acquired by Pacific Biosciences (PacBio) in 2021 in a deal worth up to around $800 million including milestones.
Founded
2013
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$511M (Jan 2020)
Omniome Acquisition
Omniome was acquired by Pacific Biosciences for $800M on 20 July 2021.
Before the acquisition Omniome had raised $127M across 3 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 20 Jul 2021 | Strategic M&A | $800M |
Omniome Valuation
Omniome is currently valued at $511M, based on its Series C in January 2020.
The $60M round was led by Madrone Capital Partners, with participation from Nan Fung Life Sciences, Decheng Capital, Biomatics Capital Partners, Domain Associates, Tigris Ventures and 2 other investors.
Omniome valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2020 | Series C | $511M |
Omniome Funding History
Omniome has raised a total of $127M across 3 funding rounds.
Omniome's first fundraising round was a $7M seed round in June 2014. The most recent completed round was a $60M Series C in January 2020.
Omniome funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2020 | Series C | Madrone Capital Partners (lead); Nan Fung Life Sciences; Decheng Capital; Biomatics Capital Partners; Domain Associates; Tigris Ventures; Altitude Life Science Ventures; ARCH Venture Partners | $60M | $511M | Omniome develops a proprietary DNA sequencing platform focused on delivering high accuracy in genomic analysis. Omniome's technology positions it in the competitive next-generation sequencing market, emphasizing accuracy improvements over existing platforms. The company raised funding in a Series C round in January 2020, achieving a valuation of $511 million, with participation from investors including Altitude Life Science Ventures, ARCH Venture Partners, Biomatics Capital Partners, Decheng Capital, Domain Associates, Madrone Capital Partners, Nan Fung Life Sciences, and Tigris Ventures, led by Madrone Capital Partners. The company later referenced equity plans like the 2020 Inducement Equity Incentive Plan in subsequent SEC filings, indicating ongoing operations post-funding. Post-2020 developments include references to Omniome in investor portfolios and proxy materials up to 2024. |
| Jul 2018 | Series B | Decheng Capital (lead); Hillhouse Investment (lead); Nan Fung Life Sciences; Biomatics Capital Partners; Domain Associates; Lam Research; Altitude Life Science Ventures; ARCH Venture Partners | $60M | - | Omniome, Inc. completed a $60 million Series B financing round on approximately July 31, 2018, led by Decheng Capital and Hillhouse Capital Group, with participation from investors including Altitude Life Science Ventures, ARCH Venture Partners, Biomatics Capital Partners, Domain Associates, Lam Research, and Nan Fung Life Sciences. The proceeds were designated to optimize the company's novel Sequencing By Binding (SBB) technology and accelerate prototype development of commercially impactful sequencing platforms. This funding supported Omniome's efforts in advancing genomic sequencing innovations. Omniome positioned itself as a developer of next-generation sequencing technology competitive in the genomics market. Subsequently, Omniome was acquired by Pacific Biosciences (PacBio) in a deal announced in July 2021, with upfront consideration of approximately $600 million in stock and cash, plus up to $200 million in milestones, totaling around $800 million. |
| Jun 2014 | Seed | - | $7M | - | Omniome, a San Diego-based genomics company founded in 2013, develops an innovative DNA sequencing platform using proprietary Sequencing By Binding (SBB) technology. The company raised a total of $160.23 million across 7 funding rounds from investors including ARCH Venture Partners, Domain Associates, Decheng Capital, and Hillhouse Capital Group. Its first funding was a $60 million Series B round on May 22, 2014, described as the company's initial round. Later rounds included another $60 million Series B in July 2018 and a $60 million Series C in January 2020. Omniome was acquired by PacBio in July 2021. |
Who has invested in Omniome?
10 investors have backed Omniome across its funding rounds, including ARCH Venture Partners, Decheng Capital, Domain Associates, Altitude Life Science Ventures, Biomatics Capital Partners and Nan Fung Life Sciences.
Lead investors include Madrone Capital Partners, Decheng Capital and Hillhouse Investment.
Omniome Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2018 | ||
| 2 | Lead | Jul 2018 | ||
| 2 | Participant | Jul 2018 | ||
| 2 | Participant | Jul 2018 | ||
| 2 | Participant | Jul 2018 | ||
| 2 | Participant | Jul 2018 | ||
| 1 | Lead | Jul 2018 | ||
| 1 | Participant | Jul 2018 | ||
This data is available for Pro users. Sign up to see all 10 Omniome investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOmniome Competitors
Omniome competitors include listed companies like Novogene and Fulgent Genetics, and private ones like Ankon Medical Technologies, Embark, Karius and Pathway Genomics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $329M | $50M | $867M | 1.9x | ||
| Private | - | - | $870M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $700M | - | ||
| Private | - | - | $933M | - | ||
| Publicly listed | $323M | ($77M) | $601M | 1.1x |
Omniome Public Comps
Omniome is no longer listed, but its public comps include Eckert & Ziegler, Novogene, SOPHiA Genetics, Genfit, Scribe Therapeutics, Fulgent Genetics, Castle Biosciences, Pacific Biosciences, Prenetics Global and Myriad Genetics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $359M | $105M | 2.2x | 2.2x | 7.5x | 7.4x | |||
| $329M | $50M | 1.9x | 1.9x | 12.5x | 13.5x | |||
| $77M | ($65M) | 8.8x | 7.5x | (10.4x) | (18.8x) | |||
| $75M | ($98M) | 9.9x | 7.9x | (7.7x) | 52.1x | |||
| $51M | ($21M) | 14.2x | - | (34.0x) | - | |||
| $323M | ($77M) | 1.1x | 1.1x | (4.5x) | (6.2x) | |||
| $344M | ($429K) | 2.6x | 2.5x | (2082.6x) | 44.9x | |||
| $160M | ($153M) | 5.6x | 5.6x | (5.9x) | (6.9x) | |||
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Common questions about Omniome
| When was Omniome founded? | Omniome was founded in 2013. |
| Where is Omniome headquartered? | Omniome is headquartered in United States. |
| Is Omniome publicly listed? | No, Omniome was acquired by Pacific Biosciences in July 2021. |
| Who acquired Omniome? | Omniome was acquired by Pacific Biosciences in July 2021. |
| How much was Omniome acquired for? | Omniome was acquired for $800M in July 2021. |
| What is Omniome's valuation? | Omniome was last valued at $511M in its Series C in January 2020. |
| How much funding has Omniome raised? | Omniome has raised $127M across 3 funding rounds. |
| What was Omniome's last funding round? | Omniome's last funding round was a $60M Series C in January 2020, led by Madrone Capital Partners. |
| Who are Omniome's investors? | Omniome's investors include Nan Fung Life Sciences, Decheng Capital, Biomatics Capital Partners, Domain Associates, Altitude Life Science Ventures, ARCH Venture Partners, Hillhouse Investment, Lam Research, Tigris Ventures and Madrone Capital Partners. |
| Which companies are comparable to Omniome? | Companies comparable to Omniome include Novogene, Ankon Medical Technologies, Embark, Karius, Pathway Genomics and Fulgent Genetics. |
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