What is NOWDiagnostics?
NOWDiagnostics, Inc., headquartered in Springdale, Arkansas, is at the forefront of developing advanced diagnostics solutions. The company's flagship ADEXUSDx® product line offers a revolutionary 'lab at the tip of your finger' system. Utilizing a single drop of blood, it can rapidly test for a wide array of common conditions, illnesses, and diseases, delivering results within minutes. This point-of-care testing model bypasses the need for traditional off-site laboratory analysis, significantly reducing the time to diagnosis and enabling quicker treatment decisions.
How much funding has NOWDiagnostics raised?
NOWDiagnostics has raised a total of $33.4M across 2 funding rounds:
Debt
$10.9M
Series B
$22.5M
Debt (2016): $10.9M, investors not publicly disclosed
Series B (2024): $22.5M led by Kompass Kapital Management, Labcorp venture fund, and DigitalDx Ventures
Key Investors in NOWDiagnostics
Kompass Kapital Management
Kompass Kapital Management is a private equity group that invests across diverse industries, with a strong emphasis on people and value creation through conservative underwriting.
DigitalDx Ventures
DigitalDx Ventures focuses on investing in innovative AI and healthcare solutions, aiming to impact the market through game-changing technologies and expertise from various fields.
Labcorp venture fund
Labcorp's venture fund invests in companies that align with its strategic interests in advancing healthcare diagnostics and services.
What's next for NOWDiagnostics?
The recent major strategic investment signals a new phase of scaling and market penetration for NOWDiagnostics. With a focus on enterprise-level funding, the company is well-positioned to expand its ADEXUSDx® platform's reach and enhance its product development pipeline. Future strategies will likely involve broadening the scope of detectable conditions, optimizing manufacturing processes, and forging strategic partnerships within the healthcare ecosystem to further solidify its position as a leader in rapid, point-of-care diagnostics.
See full NOWDiagnostics company page
