About Altratech
Altratech is a company based in Clarecastle (Ireland) founded in 2013 by Tim Cummins. It operates as a HealthTech. Altratech has raised $10.98 million across 10 funding rounds from investors including European Commission, Enterprise Ireland and European Union. Altratech offers products and services including Multi-Analyte Point-of-Care Diagnostics. Altratech operates in a competitive market with competitors including NeuMoDx, Kryptos Biotechnologies, Quantalife, Beijing Xinyi Biotechnology and SpinDiag, among others.
- Headquarter Clarecastle, Ireland
- Founders Tim Cummins
-
Sectors
Healthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Altratech Ltd
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$10.98 M (USD)
in 10 rounds
-
Latest Funding Round
$11.52 M (USD), Grant
Oct 07, 2024
-
Investors
European Commission
& 6 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Altratech
Altratech offers a comprehensive portfolio of products and services, including Multi-Analyte Point-of-Care Diagnostics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Innovative diagnostics for multiple analytes at point-of-care settings.
Unlock access to complete
Unlock access to complete
Funding Insights of Altratech
Altratech has successfully raised a total of $10.98M across 10 strategic funding rounds. The most recent funding activity was a Grant round of $11.52 million completed in October 2024. 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 10
- Last Round Grant — $11.5M
-
First Round
First Round
(16 Apr 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Grant - Altratech | Valuation |
investors |
|
| Dec, 2021 | Amount | Series A - Altratech | Valuation | Kernel Capital | |
| Dec, 2021 | Amount | Debt – Venture - Altratech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Altratech
Altratech has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include European Commission, Enterprise Ireland and European Union. 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 |
|---|---|---|---|---|
|
Private equity investments are directed toward multiple sectors.
|
Founded Year | Domain | Location | |
|
VC firm investing in the UK and the US
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Altratech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Altratech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altratech Comparisons
Competitors of Altratech
Altratech 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 NeuMoDx, Kryptos Biotechnologies, Quantalife, Beijing Xinyi Biotechnology and SpinDiag, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of a platform for low cost molecular testing
|
|
| domain | founded_year | HQ Location |
Point-of-care molecular diagnostics are enabled by Ultrafast Photonic PCR technology.
|
|
| domain | founded_year | HQ Location |
Provide tools that accelerate new strategies for the diagnosis and treatment of inherited disorders, cancer, and infectious disease.
|
|
| domain | founded_year | HQ Location |
Micro-droplet digital PCR and diagnostic reagents are manufactured.
|
|
| domain | founded_year | HQ Location |
Point-of-care systems for screening drug-resistant pathogens are developed.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Altratech
Frequently Asked Questions about Altratech
When was Altratech founded?
Altratech was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Altratech located?
Altratech is headquartered in Clarecastle, Ireland. It is registered at Clarecastle, County Clare, Ireland.
Who is the current CEO of Altratech?
Tara Dalton is the current CEO of Altratech.
Is Altratech a funded company?
Altratech is a funded company, having raised a total of $10.98M across 10 funding rounds to date. The company's 1st funding round was a Series A of $3.96M, raised on Apr 16, 2014.
What does Altratech do?
Altratech is engaged in developing advanced multi-analyte point-of-care diagnostics. The company operates within the healthcare sector, offering solutions for rapid and accurate medical testing. Its technology is showcased at global conferences like TRI-CON Precision-Medicine in San Diego, aiming to transform diagnostic capabilities for various medical conditions.
Who are the top competitors of Altratech?
Altratech's top competitors include NeuMoDx, ReadyGo and Quantalife.
What products or services does Altratech offer?
Altratech offers Multi-Analyte Point-of-Care Diagnostics.
Who are Altratech's investors?
Altratech has 7 investors. Key investors include European Commission, Enterprise Ireland, European Union, Claret Capital Partners, and Kernel Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.