How Much Did Summit Diagnostics Raise?
Funding & Key Investors

Summit Diagnostics has secured $454K in total capital, with its most recent funding round bringing in $304K through a major strategic investment. This significant backing indicates a late-stage funding environment for the company, suggesting a focus on scaling operations and market expansion.

What is Summit Diagnostics?

Summit Diagnostics
ManufacturingTest & Measurement EquipmentDrug Stores & Pharmacies

Summit Diagnostics is a provider of comprehensive, high-quality testing solutions, specializing in urine and oral fluid drug tests, alcohol saliva tests, COVID and flu tests, infectious disease tests, and pregnancy tests. Leveraging over 14 years of industry experience, the company offers modern testing solutions tailored for the post-COVID era, serving a diverse clientele that requires reliable and efficient diagnostic tools. Their commitment to innovation and excellence positions them as a key player in the testing sector.

How much funding has Summit Diagnostics raised?

Summit Diagnostics has raised a total of $454K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$304K

Debt (2020): $150K with participation from PPP

Debt (2021): $304K led by PPP

Key Investors in Summit Diagnostics

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Summit Diagnostics?

The substantial late-stage funding, characterized by a major strategic investment, positions Summit Diagnostics for accelerated growth and market penetration. This capital infusion is likely to fuel advancements in product development, expansion of distribution channels, and enhancement of operational capabilities. The company's strategic focus on modern testing solutions for the evolving post-COVID landscape suggests a forward-looking approach, aiming to solidify its market leadership and explore new opportunities within the diagnostics industry.

See full Summit Diagnostics company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Manufacturing industry

ManufacturingPulp & PaperPlastic, Packaging & Containers
FurnitureManufacturing
Industrial Machinery & EquipmentManufacturing
Food & BeverageManufacturing

Frequently Asked Questions Regarding Summit Diagnostics Financial Insights

What are the most recent funding rounds that Summit Diagnostics has completed, and what were the funding rounds?
Summit Diagnostics has recently completed 2 funding rounds: Debt on Jan 25, 2021, Debt on Apr 15, 2020.
What is the total amount of funding Summit Diagnostics has raised to date?
Summit Diagnostics has raised a total of $454K in funding to date.
How many funding rounds has Summit Diagnostics completed?
Summit Diagnostics has completed 2 funding rounds.
How much funding did Summit Diagnostics raise in its most recent funding round?
Summit Diagnostics raised $304K in its most recent funding round.
Who are the lead investors in Summit Diagnostics's latest funding round?
The lead investor in Summit 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 Summit Diagnostics's history?
The largest funding round in Summit Diagnostics's history was $304K.
See more information about Summit Diagnostics