Friday, January 22, 2021

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NuProbe: Raises $42M in Funding

  • NuProbe, a Houston, USA, Shanghai, China and Suzhou, China-based genomics and molecular diagnostics company, closed a $42M funding round
  • The round was led by BioTrack Capital and Yonghua Capital with participation from Taifu Capital, Panlin Capital, Juming Capital, and Tuobang Capital and previous investors
  • The company also intends to use the funds to expand the commercial team in both the US and China, develop new NGS products
  • NuProbe is a genomics and molecular diagnostics company with molecular diagnostic technologies to improve the sensitivity of sequencing mutations
  • In the past 12 months, NuProbe has signed a number of partnership and licensing deals with internationally renowned companies in molecular diagnostics and life sciences
  • Then the company has begun to partner with pharma companies for clinical research through its Augury™ custom NGS panels

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