Wobble Genomics launches with £1.2m investment to unlock RNA promise

Published: 2 September 2021

A new company spun out from the University of Edinburgh could help boost the diagnosis and treatment of a wide range of diseases by unlocking new potential from RNA sequencing. Wobble Genomics will be based at Roslin Innovation Centre in Midlothian Science Zone.

Wobble Genomics has been launched with Edinburgh Innovations’ support and an investment of £1.2 million, led by St Andrews-based Eos Advisory alongside Old College Capital, the University of Edinburgh’s in-house venture investment fund, which is managed by EI.

News Ri Wobblegenomics 700

Left to right are Andrew McNeill (Eos Advisory) with Nicola Broughton, Richard Kuo and John Duncan
of Wobble Genomics (Image credit Stewart Attwood)

The company’s founder and CEO, Richard Kuo, a researcher at the University’s Roslin Institute, has developed biochemical and software technologies that greatly increase the efficiency and accuracy of RNA sequencing.
RNA sequencing has emerged in recent years as a key technique for studying gene expression, which can give scientists and clinicians unprecedented insights into disease.

“Wobble Genomics’ disruptive, next-generation platform dramatically reduces the time and cost of performing RNA sequencing, while also improving accuracy.

“Ultimately the technology could revolutionise how we understand, research, diagnose, treat and monitor a huge variety of diseases.”

Simon Durrant, Investment Manager at Old College Capital 

Mr Kuo has been a client of EI since 2019. He has received a range of support to commercialise his research, including assistance with successful applications for funding, and support as he incorporated Wobble Genomics.

Wobble received a £100,000 grant from Scottish Enterprise’s High-Growth Spin-Out Programme in 2020, and recently secured a £300,000 grant from Innovate UK.

“There is a huge global market of scientists and clinicians who would buy our products as part of their sequencing work.

“On top of this, we plan to target a higher value market by leveraging our existing technologies with the overall aim of being the first global company to build a picture of disease states that are encoded in RNA.”

Richard Kuo, CEO and company founder, Wobble Genomics

Wobble is already conducting trials with some of the world’s largest RNA sequencing organisations. The investment is supporting the expansion of the Wobble team, strengthening its intellectual property, and will help to drive sales and demonstrate Wobble’s ability to improve clinical outcomes.

“Richard is already a globally respected researcher in RNA sequencing and now has the ability to build a team to commercialise novel approaches that address the big issues and understanding of this exciting field of life science.

“The importance of RNA sequencing and its role in enabling clinicians to understand disease has only just been recognised over the last couple of years.

This investment sits at the heart of what Eos works for – backing the very latest and most promising innovations that have the potential to have a positive impact globally.”

Andrew McNeill, Managing Partner at Eos Advisory

 

 

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