About Allegro Diagnostics
Allegro Diagnostics is a company based in Maynard (United States) founded in 2006 was acquired by Veracyte in September 2014.. Allegro Diagnostics has raised $9.4 million across 4 funding rounds from investors including HHS, Veracyte and Boston University. Allegro Diagnostics operates in a competitive market with competitors including Strand Life Sciences, Invitae, Genome Medical, Myriad Genetics and Fulgent Genetics, among others.
- Headquarter Maynard, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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Funding Insights of Allegro Diagnostics
Allegro Diagnostics has successfully raised a total of $9.4M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.4 million completed in July 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $5.4M
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First Round
First Round
(07 Mar 2008)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2011 | Amount | Series A - Allegro Diagnostics | Valuation | Kodiak Venture Partners , CHV |
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| Oct, 2009 | Amount | Grant - Allegro Diagnostics | Valuation |
investors |
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| Sep, 2009 | Amount | Grant - Allegro Diagnostics | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Allegro Diagnostics
Allegro Diagnostics has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS, Veracyte and Boston University. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early stage venture fund investing in North America and Canada
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Cancer research is conducted and supported by the institute.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Allegro Diagnostics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - Allegro Diagnostics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Allegro Diagnostics Comparisons
Competitors of Allegro Diagnostics
Allegro Diagnostics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Strand Life Sciences, Invitae, Genome Medical, Myriad Genetics and Fulgent Genetics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of omics-based solutions for clinical genomics, systems biology, and drug discovery
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Home-based genetic tests for detecting diseases are provided to individuals.
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Genomic testing services are provided clinically and directly to consumers.
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Molecular diagnostics and personalized medicine for cancer are developed.
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| domain | founded_year | HQ Location |
Provider of genetic testing services for carrier screening cardiovascular diseases, epilepsy and cancer
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Diagnostics and risk assessment solutions for lung cancer are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Allegro Diagnostics
Frequently Asked Questions about Allegro Diagnostics
When was Allegro Diagnostics founded?
Allegro Diagnostics was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Where is Allegro Diagnostics located?
Allegro Diagnostics is headquartered in Maynard, United States. It is registered at Maynard, Massachusetts, United States.
Is Allegro Diagnostics a funded company?
Allegro Diagnostics is a funded company, having raised a total of $9.4M across 4 funding rounds to date. The company's 1st funding round was a Grant of $2.93M, raised on Mar 07, 2008.
What does Allegro Diagnostics do?
Allegro Diagnostics was founded in 2006 in Maynard, United States, within the genomics and diagnostics sector. Focus was placed on developing tests for lung cancer, including the flagship BronchoGen assay. Next-generation sequencing was employed to assess inconclusive lung nodules from bronchoscopies, determining if they were cancerous or benign. The company was acquired by Veracyte in September 2014 for 21 million.
Who are the top competitors of Allegro Diagnostics?
Allegro Diagnostics's top competitors include Strand Life Sciences, Fulgent Genetics and Biodesix.
Who are Allegro Diagnostics's investors?
Allegro Diagnostics has 6 investors. Key investors include HHS, Veracyte, Boston University, National Cancer Institute, and Kodiak Venture Partners.