Perivoli Innovations

– Orbit Discovery has raised $7.6m in funding.
– The financing was led by Oxford Sciences Innovation with participation from Borealis Ventures, Perivoli Innovations, and other institutional and individual investors, including Kapil Dev Joory.
– Proceeds from the financing will be used to accelerate Orbit’s growth trajectory as a leading provider of peptide discovery services to the biotechnology and pharmaceutical industry.
– Orbit’s novel bead-based and microfluidic technology platform enables the screening of peptide libraries for target binding and subsequent activity in cell-based functional assays.
– This makes the platform ideal for identifying active peptides against both soluble proteins and membrane bound targets such as GPCRs.
– Until now, researchers have struggled to unite high throughput affinity screens with functional screens utilising peptide libraries of very high chemical diversity.

– Lifted, a U.K. startup, raised $6.2m in Series A funding.
– The round was led by Fuel Ventures and joined by 1818 Venture Capital, Novit Ventures, Perivoli Innovations, the J.B. Ugland family office and a number of angels.
– The company plans to use the funding to expand its operations in the U.K.
– It also acquired the “Live Better With Dementia” website and launched the Lifted Dementia Hub, an online community with a marketplace of products.