Fundraising Fox

Functional Fluidics

Detroit, US · Founded 2014 · Delaware corporation · 18 employees on LinkedIn · 5 known investors

Functional Fluidics is a CLIA-certified diagnostic lab offering proprietary red blood cell function biomarker assays, starting with Sickle Cell Disease. It provides contract research services and biomarker testing to clinical providers, pharmaceutical, biotech, and academic partners to support drug development and patient care, with operations in the US and Sub-Saharan Africa.

BiotechDigital HealthHealthtechMedical Devices

Founders & leadership

Functional Fluidics was founded in 2014 by Patrick Hines and Dr. Hines.

PHPatrick Hines
Patrick HinesCEO & Founder
DH
Dr. HinesFounder
JC
John CunninghamChief Operating Officer

Investors · 5

ID VenturesDetroit · $50K – $250K
Michigan RiseEast Lansing · $50K – $150K
NYBC VenturesNew York
Seae VenturesMiami
Wavemaker Three-Sixty HealthreportedLos Angeles · $500K – $2M

Reported raises · per SEC filings

Form D private placements

$3.6M disclosed across 2 rounds · 2019–2020

▶$3.4MraisedJan 2021 · 22 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Patrick HinesExecutive Officer, Director
Offering amount
$3.5M
Amount sold
$3.4M
First sale
Jul 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$150KraisedMay 2019 · 1 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • John CunninghamExecutive Officer
  • Patrick HinesExecutive Officer
Offering amount
$2M
Amount sold
$150K
First sale
Apr 2019
Incorporated
Limited Liability Company, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Rsc6 shared keywordsThe Royal Society of Chemistry is a professional and scientific organization for the chemical sciences community, offering journal and book publishing, membership, professional recognition, and funding grants. It also supports chemistry education, policy campaigning, and sustainability initiatives.

Companies competing with Functional Fluidics for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Food and Drug Administration (FDA)Food and Drug AdministrationPhase I2020$168.1K
National Institutes of Health (NIH)National Institutes of HealthPhase I2019$224.5K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Functional Fluidics do?
Functional Fluidics is a CLIA-certified diagnostic lab offering proprietary red blood cell function biomarker assays, starting with Sickle Cell Disease. It provides contract research services and biomarker testing to clinical providers, pharmaceutical, biotech, and academic partners to support drug development and patient care, with operations in the US and Sub-Saharan Africa.
Who founded Functional Fluidics?
Functional Fluidics was founded by Patrick Hines, Dr. Hines in 2014.
Who are Functional Fluidics's investors?
Functional Fluidics's investors include ID Ventures, Michigan Rise, NYBC Ventures, Seae Ventures, Wavemaker Three-Sixty Health.
How much funding has Functional Fluidics raised?
Functional Fluidics has disclosed $3.6M raised across 2 rounds.
Where is Functional Fluidics headquartered?
Functional Fluidics is headquartered in Detroit, US.