What is Medlab?
Medlab, Inc. operates as a sophisticated clinical laboratory, focusing on specialized testing services in toxicology, molecular diagnostics, and pain management. The company provides a comprehensive PCR test for prevalent respiratory illnesses such as COVID-19, Flu, and RSV, delivering results on the same or next day, and is covered by most insurance plans. Medlab is dedicated to enhancing community health by equipping healthcare professionals, courts, and community health organizations with advanced testing technologies for accurate diagnosis and effective treatment of conditions including substance abuse and chronic pain.
How much funding has Medlab raised?
Medlab has raised a total of $16.3M across 2 funding rounds:
Series D
$16M
Debt
$250K
Series D (2008): $16M with participation from Primus Capital, Chrysalis Ventures, and Oxford Bioscience Partners
Debt (2025): $250K led by M&T Bank
Key Investors in Medlab
Primus Capital
Primus Capital is a U.S.-based growth-oriented private equity firm that invests in healthcare, software, and technology-enabled services companies, focusing on middle-market businesses and partnering with management teams to accelerate growth.
Chrysalis Ventures
Chrysalis Ventures is an investment firm that has invested in over 70 technology-enabled businesses across various industries, including healthcare, education, and logistics, aiming for growth through organic means and acquisitions.
Oxford Bioscience Partners
Oxford Bioscience Partners is an international venture capital firm specializing in life science technology-based investments, with offices in Boston, Massachusetts and Seoul, Korea.
What's next for Medlab?
The recent major strategic investment signifies Medlab's transition into a mature phase of enterprise-level development. This capital infusion is expected to fuel further expansion of its diagnostic capabilities, potentially through the acquisition of new technologies or strategic partnerships. Medlab is well-positioned to leverage this financial backing to solidify its market leadership and broaden its service offerings in specialized clinical diagnostics.
See full Medlab company page
