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- Touchlight Genetics
Touchlight Genetics Funding, Investors & Competitors
Touchlight Genetics has raised $125M across 2 funding rounds, most recently a $67M undisclosed-stage round in September 2021.
Last Touchlight Genetics funding round
$67M
Undisclosed stage · Sep 2021
Cumulative funding Touchlight Genetics raised
$125M
across 2 funding rounds
Key investors in Touchlight Genetics
Bridford Investments
Downing Ventures
Novator
About Touchlight Genetics
Touchlight Genetics is a London-headquartered biotech firm developing the proTLx DNA production platform for vaccines. Founded in 2007, it produces enzyme-synthesized DNA for oncology trials with partners at Imperial College London and University of Pennsylvania. Touchlight's tech yields gigadalton-scale plasmids GMP-compliant.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Touchlight Genetics Funding History
Touchlight Genetics has raised a total of $125M across 2 funding rounds.
Touchlight Genetics' first fundraising round was a $58M undisclosed-stage round in March 2021. The most recent completed round was a $67M undisclosed-stage round in September 2021.
Touchlight Genetics funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2021 | Undisclosed stage | Bridford Investments (lead); Novator (lead) | $67M | Touchlight Genetics is a UK-based company pioneering enzymatic DNA production with its dbDNA synthetic DNA vector, offering a faster, scalable alternative to traditional plasmid DNA for genetic medicines, mRNA vaccines, cell and gene therapies, and in vivo gene editing. The company operates as a CDMO through Touchlight DNA Services, providing GMP-grade synthetic DNA, and has an FDA Drug Master File accepted in 2022 with multiple client products in clinics. In September 2021, Touchlight raised $125 million in a funding round led by Bridford Investments Limited and Novator Partners, extending an initial round amid surging demand for dbDNA in the exploding cell and gene therapy market. The funds are allocated to expand manufacturing capacity at its Hampton, UK facility to produce up to 1 kilogram of GMP DNA per month by Q2 2022, alongside growing the team from 65 to over 125 employees by year-end, including new commercial and marketing teams in the UK and North America. Touchlight previously raised smaller amounts, with total prior funding noted as low as $2.4M in some estimates, but the 2021 round significantly boosted its scale to become a leading synthetic DNA producer. The company focuses on innovation, IP development for scaling, novel reagents, and genome editing applications, planning the world's largest DNA manufacturing facility by capacity with rapid suite turnaround. Touchlight collaborates with partners like Vanderbilt University and DARPA on antibody research and DNA vaccines for COVID-19 and head and neck cancer. It hired Lonza veteran Karen Fallen as CEO of its DNA Services arm in 2020 to target vaccine and therapy markets. |
| Mar 2021 | Undisclosed stage | Bridford Investments (lead); Downing Ventures | $58M | Touchlight Genetics is a biotechnology company pioneering enzymatic DNA production with its synthetic dbDNA vector, offering faster, smaller-footprint manufacturing than traditional plasmid DNA for genetic medicines including mRNA vaccines, viral vectors, cell therapy, and DNA vaccines. On 11 March 2021, it raised £42 million ($58 million) in a fundraising round led by Bridford Investments, with participation from ultra-high net worth individuals, family offices, and specialist healthcare investors like Downing Ventures. The funds support tripling manufacturing footprint at its Hampton, UK facility to produce up to 1 kg GMP DNA per month by Q1 2022, addressing demand spiked by COVID-19 vaccines. Touchlight's CDMO arm, Touchlight DNA Services, supplies GMP materials to leading genetic medicine players, expecting growth across modalities. The round enables rapid scale-up of dbDNA production, which takes weeks versus months for plasmids. By September 2021, the fundraising extended to a total of $125 million (£92 million) with Novator Partners joining, further expanding capacity to 1 kg GMP DNA monthly by Q2 2022 and growing headcount from 65 to over 125, including commercial teams in UK and North America. Touchlight focuses on innovation, with an FDA Drug Master File accepted in 2022, client products in clinic, and in-house DNA vaccine development for COVID-19 and cancer, plus partnerships like Vanderbilt University and DARPA. |
Who has invested in Touchlight Genetics?
3 investors have backed Touchlight Genetics across its funding rounds, including Bridford Investments, Downing Ventures and Novator.
Lead investors include Bridford Investments and Novator.
Touchlight Genetics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTouchlight Genetics Competitors
Touchlight Genetics competitors include listed companies like Roche, Merck KGaA and Illumina, and private ones like Immunai, Heyuan Biotechnology and ArsenalBio.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Publicly listed | $24B | $5.3B | $66B | 3.1x | ||
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Private | - | - | $3B | - | ||
| Private | - | - | $1.9B | - |
Touchlight Genetics Public Comps
Touchlight Genetics is still privately-owned, but its public comps include Eli Lilly, Johnson & Johnson, AbbVie, Merck, Roche, Novartis, AstraZeneca, Amgen, Novo Nordisk and Gilead Sciences.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $65B | $28B | 16.5x | 13.1x | 38.7x | 27.0x | |||
| $94B | $40B | 7.2x | 6.8x | 17.0x | 18.3x | |||
| $61B | $17B | 8.7x | 8.1x | 30.6x | 17.6x | |||
| $65B | $28B | 6.3x | 6.2x | 14.7x | 21.0x | |||
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $57B | $22B | 5.5x | 5.5x | 14.2x | 13.3x | |||
| $59B | $19B | 4.8x | 4.5x | 14.6x | 12.7x | |||
| $37B | $17B | 6.8x | 6.5x | 14.8x | 14.4x | |||
This data is available for Pro users. Sign up to see all Touchlight Genetics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Touchlight Genetics
| When was Touchlight Genetics founded? | Touchlight Genetics was founded in 2007. |
| Where is Touchlight Genetics headquartered? | Touchlight Genetics is headquartered in United Kingdom. |
| Is Touchlight Genetics publicly listed? | No, Touchlight Genetics is a private, VC-backed company. |
| How much funding has Touchlight Genetics raised? | Touchlight Genetics has raised $125M across 2 funding rounds. |
| What was Touchlight Genetics' last funding round? | Touchlight Genetics' last funding round was a $67M undisclosed-stage round in September 2021, led by Bridford Investments and Novator. |
| Who are Touchlight Genetics' investors? | Touchlight Genetics' investors include Bridford Investments, Novator and Downing Ventures. |
| Which companies are comparable to Touchlight Genetics? | Companies comparable to Touchlight Genetics include Immunai, Roche, Merck KGaA, Illumina, Heyuan Biotechnology and ArsenalBio. |
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