Counsyl Raises $80 Million in Financing from Perceptive

Rare Daily Staff

The genetic screening company Counsyl said it raised $80 million in a financing from Perceptive Advisors, a New York-based life sciences investment firm.

The company also announced that it added Lily Sarafan, chief executive officer of Home Care Assistance, to its board of directors.

“This financing will support our continued growth with an eye toward making expanded carrier screening as routine as taking folic acid, non-invasive prenatal screening as routine as an ultrasound, and hereditary cancer screening as well-known as a pap smear,” said Ramji Srinivasan, co-founder and CEO of Counsyl.

Since its founding, Counsyl has screened more than 850,000 patients, serving more than 17,000 healthcare providers, and providing more than 60,000 genetic counseling sessions.

Sarafan brings an impressive background as an entrepreneur, investor and advisor in the healthcare industry. In addition to her new appointment with Counsyl, Sarafan serves on the boards of artificial intelligence company Entefy, the Stanford Alumni Association and the Berkeley Haas Center for Innovation Economies.

November 7, 2017