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Eremid Secures Further $3.0M Investment from Coddle Creek Capital

Venture capital firm reinforces commitment to genomics community through investment to expand Eremid’s clinical genomics capabilities latest technologies.

Eremid® Genomic Services, LLC (“Eremid”), a leading-edge genomics CRO, has announced that it has secured an additional $3.0M investment from venture capital firm Coddle Creek Capital (“CCC”) following its acquisition in 2022. CCC’s Fund 2 will support Eremid’s continued growth and the expansion of its clinical genomics capabilities, reinforcing its position as a high-end, scientifically-driven genomics partner in the growing biotech hub at the North Carolina Research Campus, Kannapolis, NC. As part of this expansion, Eremid is set to grow its world-class science team, add to its range of high-specification genomics instruments and automation, and advance its GxP capabilities. Adding to its existing CLIA-certified lab, these developments will help expand the company’s capacity to meet the growing demand for high-end genomics with clinical samples.

Eremid’s scientific staff already supports research and clinical studies using technologies from leading genomics companies, including Illumina, PacBio, 10X Genomics, ThermoFisher, and Nanostring. The additional investment from CCC is enabling the company to take this a significant step further with the acquisition of the PacBio Revio system, which offers a 15-fold increase in throughput in long-read sequencing compared to existing PacBio Sequel IIe systems. The Revio system will be a key component in the company’s genomics toolbox, enabling larger-scale studies and novel applications.

Eremid will also use this new investment to expand its GxP offering with a new LIMS system and supporting infrastructure and work towards achieving a College of American Pathologists (CAP) accreditation. Combined, these developments will enable the company to continue providing top-tier genomics services with greater capacity and capability for large-scale clinical applications and studies in human genetics, cancer research, agricultural genomics, and nutritional sciences.

“This new investment is a substantial milestone and we are grateful for Coddle Creek Capital’s unwavering support and shared commitment to advancing genomics research,” said Julian Abery, Chief Business Officer at Eremid. “The investment will enable us to expand our world-class science team, instrumentation, and infrastructure, and deliver top-tier clinical genomics services and bioinformatics at a larger scale with the same quality our customers have come to expect.”

John Allen, General Partner at Coddle Creek Capital, added: “Our focus has always been to invest in scientific excellence and Eremid already provides access to advanced genomics expertise and technology. Here, we are reinforcing our commitment to the company and wider genomics community, enabling Eremid to take its clinical genomics services to the next level, meeting the demand for high-end expertise and data, and supporting larger, more intricate studies.”

Coddle Creek Capital, Eremid, genomics