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Functional Fluidics
Detroit, US · Founded 2014 · Delaware corporation · 18 employees on LinkedIn · 6 known investors
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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.
Founders & leadership
Functional Fluidics was founded in 2014 by Patrick Hines and Dr. Hines.
Investors · 6
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Resilient Ventures's portfolio page · Not right? Tell us
How we know: Seae Ventures's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$3.6M disclosed across 2 rounds · 2019–2020
▶$3.4MraisedJan 2021 · 22 investors · Other Health CareRule 506(b)
- Patrick HinesExecutive Officer, Director
- Offering amount
- $3.5M
- Amount sold
- $3.4M
- First sale
- Jul 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$150KraisedMay 2019 · 1 investors · Other Health CareRule 506(b)
- John CunninghamExecutive Officer
- Patrick HinesExecutive Officer
- Offering amount
- $2M
- Amount sold
- $150K
- First sale
- Apr 2019
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 1
Companies working in the same space as Functional Fluidics.
Non-dilutive funding · 2 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| Food and Drug Administration (FDA)Food and Drug Administration | Phase I | 2020 | $168.1K |
| National Institutes of Health (NIH)National Institutes of Health | Phase I | 2019 | $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, Resilient 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.