How much funding has XCR Diagnostics raised?

XCR Diagnostics has disclosed $4.3M raised across 2 rounds.

Where is XCR Diagnostics headquartered?

XCR Diagnostics is headquartered in Salt Lake City, US.

XCR Diagnostics

Salt Lake City, US · Utah corporation

XCR Diagnostics develops portable molecular diagnostic systems for rapid nucleic acid testing at the point of care. The Pyramid system delivers lab-quality results in approximately 7 minutes for infectious disease detection in hospitals, clinics, emergency rooms, and resource-limited settings.

Biotech Digital Health Healthtech Medical Devices

Founders & leadership

Mark PowelsonExecutive

Reported raises · per SEC filings

Form D private placements

$4.3M disclosed across 2 rounds · 2016–2019

▶$1.8MraisedOct 2019 · 20 investors · Biotechnology

Rule 506(b)

Officers, directors & promoters on the filing

Mark PowelsonExecutive Officer, Director

Offering amount: $2M
Amount sold: $1.8M
Proceeds to insiders: $50K
First sale: Sep 2019
Incorporated: Corporation, Utah
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$2.5MraisedDec 2016 · Biotechnology

Rule 506(b)

Officers, directors & promoters on the filing

Mark PowelsonExecutive Officer, Director
Brian CaplinExecutive Officer, Promoter
Ann Marie BuoscioExecutive Officer
Linda MerrillDirector
Mark BagnallDirector

Offering amount: $2.5M
Amount sold: $2.5M
Minimum investment: $20K
Sales commissions: $250K
Proceeds to insiders: $500K
Placement agents: ACAP Financial Inc
First sale: Mar 2016
Incorporated: Corporation, Utah, 2015
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

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

In the news

XCR Diagnostics, Inc. entered into a non-binding term sheet to acquire Bioethics, Ltd. in a reverse merger transaction for approximately $110 million. | MarketScreenermarketscreener.com · Jul 2020

Frequently asked questions

What does XCR Diagnostics do?: XCR Diagnostics develops portable molecular diagnostic systems for rapid nucleic acid testing at the point of care. The Pyramid system delivers lab-quality results in approximately 7 minutes for infectious disease detection in hospitals, clinics, emergency rooms, and resource-limited settings.
How much funding has XCR Diagnostics raised?: XCR Diagnostics has disclosed $4.3M raised across 2 rounds.
Where is XCR Diagnostics headquartered?: XCR Diagnostics is headquartered in Salt Lake City, US.