How Much Did Summit Diagnostics Raise?
Funding & Key Investors

Summit Diagnostics has secured significant capital, with total funding reaching $454K and a recent strategic investment of $304K. This latest financing round, dated January 25, 2021, signifies a major step in the company's growth trajectory, positioning it for further expansion in the competitive diagnostics market.

What is Summit Diagnostics?

Summit Diagnostics
ManufacturingTest & Measurement EquipmentDrug Stores & Pharmacies

Summit Diagnostics is a prominent provider of comprehensive, high-quality testing products, 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 delivers modern testing solutions meticulously designed for the post-COVID era. Summit Diagnostics caters to a diverse clientele seeking reliable and efficient diagnostic options, underscoring its commitment to innovation and excellence within 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

What's next for Summit Diagnostics?

The substantial late-stage funding acquired by Summit Diagnostics indicates a strong market validation and provides the necessary resources for significant scaling and operational enhancement. This capital infusion is expected to fuel advancements in product development, expand market reach, and potentially explore new diagnostic areas. The company's strategic focus on modern testing solutions for the evolving global health landscape suggests a forward-looking approach, aiming to solidify its position as a leader in the diagnostics industry through continued investment in technology and service.

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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.
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