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BioDirection completes $4mm Series B round
29 Feb 2016
Executive Summary
BioDirection Inc. (brain injury diagnostics) completed a $4mm Series B convertible preferred stock sale to Provident Healthcare Capital (a fund affiliated with Provident Healthcare Partners) and other undisclosed investors. The financing will support ongoing development for the company's Tbit, a rapid point-of-care blood test to diagnose and gauge the severity of traumatic brain injury (TBI) that uses its Harvard-licensed biosensing nanowire technology to detect and measure, in less than 90-seconds, biomarker proteins released from the brain after an injury occurs.
Deal Industry
- In Vitro Diagnostics
-
Medical Devices
- Diagnostic Equipment & Supplies
- Monitoring Equipment & Devices
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In Vitro Diagnostics
- Biosensors
- Molecular Diagnostics & Genetic Testing
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Biotechnology
- Nanotechnology, Chips, etc.
Deal Status
- Final
Deal Type
-
Financing
- Venture Financing
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