• Finance Round to Support Pipe-Line Developments

News & Views

Finance Round to Support Pipe-Line Developments

Feb 19 2019

Progressing its transformational products for characterising proteins and their behaviour, Fluidic Analytics has raised $31m which will be used to finance the commercial roll-out of the company’s lab-tools pipeline and to develop further high-value clinical applications of its technology.

Proteins and their behaviour are crucial to understanding how diseases develop, identifying the way that drugs interact with their targets and developing new methods for matching the right treatment to the right patient at the right time. DNA gives clues about what is likely to happen over a lifetime. Proteins and their behaviour tell us what is actually happening now. To date, the emergence of a deep understanding of the biology underlying disease and health in real time has been hampered by the shortcomings of existing tools for protein characterisation.
Fluidic Analytics’ products are based on a proprietary technology platform from the University of Cambridge. This platform was designed explicitly to give deep insights into the way that proteins fold, aggregate and interact by characterising them in solution – precisely as they exist in the body. These products have the potential to help researchers understand the mechanisms underlying conditions like Alzheimer’s disease, pharmaceutical companies develop more effective drugs and patients gain access to more accurate diagnostics in the clinic, at the pharmacy or even at home.

The financing was led by Draper Esprit a pan-European venture capital fund that invests in disruptive technology companies at the early and growth stages. Joining the round as new investors were Delin Ventures and BGF, making its largest life-sciences investment to date and first in Cambridge. IQ Capital and Amadeus Capital Partners also joined Draper Esprit in backing Fluidic Analytics for a third successive time since the company’s first financing in 2015.

Covington & Burlington LLP, Philip Hare Associates and Bracher Rawlins LLP acted as principal advisors for this financing. Additional support was provided by Confluence Tax LLP, Mills & Reeve LLP, Stratagem IPM Ltd, Wilson Sonsini Goodrich & Rosati PC and Wolf Greenfield & Sacks PC.


Digital Edition

Lab Asia 31.2 April 2024

April 2024

In This Edition Chromatography Articles - Approaches to troubleshooting an SPE method for the analysis of oligonucleotides (pt i) - High-precision liquid flow processes demand full fluidic c...

View all digital editions

Events

Microbiology Society Annual Conference 2024

Apr 08 2024 Edinburgh 2024

analytica 2024

Apr 09 2024 Munich, Germany

ChemBio Finland 2024

Apr 10 2024 Helsinki, Finland

Analytica Anacon India & IndiaLabExpo

Apr 15 2024 Mumbai, India

Analitika Expo 2024

Apr 16 2024 Moscow, Russia

View all events