How Much Did Progentec Diagnostics Raise?
Funding & Key Investors

Progentec Diagnostics has successfully secured a total capital infusion of $5.2M, marking a significant milestone in its mission to revolutionize autoimmune disease management. The company recently finalized a major strategic investment of $172K, reinforcing its market position as a leader in the intersection of proteomics and digital health. This influx of financing underscores investor confidence in the firm's ability to scale its proprietary diagnostic platforms and expand its reach within the global healthcare ecosystem.

The funding trajectory, which began with a Series A round in early 2020 followed by subsequent debt financing in 2021, reflects a deliberate growth strategy. By leveraging these resources, Progentec Diagnostics is well-positioned to accelerate the deployment of its advanced clinical tools, ultimately aiming to improve patient outcomes for those suffering from complex conditions such as systemic lupus erythematosus and multiple sclerosis.

What is Progentec Diagnostics?

Progentec Diagnostics
Business ServicesResearch & DevelopmentHealthcare Services

Progentec Diagnostics, Inc. operates at the forefront of precision medicine, specializing in proactive care solutions for autoimmune disorders. The company integrates advanced proteomics with digital health technologies to provide clinicians and patients with actionable insights. Its flagship aiSLE DX Family of Tests represents a significant advancement in the field, enabling the prediction of disease flares and the continuous monitoring of disease activity. Beyond diagnostics, the company fosters a comprehensive patient-centric ecosystem through its LupusCorner platform, which provides essential health management resources and community support. By combining proprietary blood biomarkers with remote digital monitoring, Progentec is effectively bridging the gap between clinical research and daily patient care, establishing a robust framework for long-term disease management.

How much funding has Progentec Diagnostics raised?

Progentec Diagnostics has raised a total of $5.2M across 2 funding rounds:

2020

Series A

$5M

2021

Debt

$172K

Series A (2020): $5M with participation from Burns & Stowers Investments LLC, OCA Ventures, Oklahoma Medical Research Foundation, Mayo Clinic, Plains Venture Partners, Oklahoma Seed Capital Fund, NMC Health, Stanford University, and Oklahoma Angel Capital Fund II

Debt (2021): $172K led by PPP

Key Investors in Progentec Diagnostics

Mayo Clinic

Mayo Clinic is a nonprofit global healthcare organization specializing in integrated clinical practice, education, and medical research. The institution is recognized for its multidisciplinary approach to patient care, bringing together specialists from various medical fields to address complex health conditions.

OCA Ventures

OCA Ventures is dedicated to assisting entrepreneurs in the development of successful companies by providing support and resources to help startups thrive. Their focus is on fostering innovation and growth among emerging businesses.

Stanford University

Stanford University is one of the world's leading research universities, known for its entrepreneurial character and interdisciplinary approach to problem-solving. The institution maintains a strong legacy of contributing to medical advancement and healthcare innovation.

What's next for Progentec Diagnostics?

With the recent capital injection, Progentec Diagnostics is poised to enter a new phase of operational scaling and technological refinement. The company is expected to prioritize the expansion of its aiSLE DX diagnostic suite, potentially targeting broader clinical applications and international market penetration. Furthermore, the integration of remote monitoring capabilities suggests a strategic focus on enhancing the LupusCorner platform to provide more personalized, data-driven health interventions. As the company continues to navigate the complexities of the autoimmune diagnostics market, its focus will likely remain on validating its biomarker technology through rigorous clinical research and fostering strategic partnerships with major healthcare institutions to standardize its diagnostic protocols globally.

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Frequently Asked Questions Regarding Progentec Diagnostics Financial Insights

What are the most recent funding rounds that Progentec Diagnostics has completed, and what were the funding rounds?
Progentec Diagnostics has recently completed 2 funding rounds: Debt on Jan 31, 2021, Series A on Jan 8, 2020.
What is the total amount of funding Progentec Diagnostics has raised to date?
Progentec Diagnostics has raised a total of $5.2M in funding to date.
How many funding rounds has Progentec Diagnostics completed?
Progentec Diagnostics has completed 2 funding rounds.
How much funding did Progentec Diagnostics raise in its most recent funding round?
Progentec Diagnostics raised $172K in its most recent funding round.
Who are the lead investors in Progentec Diagnostics's latest funding round?
The lead investor in Progentec Diagnostics's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Progentec Diagnostics's history?
The largest funding round in Progentec Diagnostics's history was $5M.
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