Nuclein: Raises $14M in Series B Funding

  • Nuclein, LLC, an Austin, Texas-based medical device company, closed a $14m Series B funding round
  • The round was led by Trinity Private Equity Group, a Southlake, Texas-based private equity firm
  • The company also intends to use the funds to to commercialize its novel, hand-held PCR platform designed as a disposable, all-in-one, self-test for infectious disease diagnosis
  • Nuclein also provides a device that runs real-time PCR, does not require technical expertise to operate, and delivers battery-powered, sample-to-answer results from saliva in under one hour
  • Nuclein currently employs approximately 30 scientists, engineers, and other professionals
  • It is seeking to immediately hire additional molecular biologists, engineers, and manufacturing staff to support its growth
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

ThisBank Launches in the UK with Branchless Banking and Competitive Savings

New digital bank strives for a personal touch in banking services.Highlights: ThisBank launches branchless banking services in the...

PayPal Boosts Agentic Commerce Offering Through Cymbio Acquisition

The acquisition enhances PayPal's capabilities in online retail integrations.Highlights: PayPal has acquired Cymbio to enhance its commerce offerings.Cymbio...

OnePay Partners with Klarna to Enhance BNPL Options for Shoppers

New collaboration allows debit card purchases to be converted into loans.Highlights: OnePay partners with Klarna to offer BNPL...

Noah and Picnic Launch USD-Native Payroll for Brazil’s Workforce

New partnership aims to streamline payment processes for global workers in Brazil.Highlights: Noah teams up with Picnic to...