About Anavasi Diagnostics
Anavasi Diagnostics is a company based in Seattle (United States) founded in 2020 by Minh Duong, Robert Atkinson, and Barry Lutz.. Anavasi Diagnostics has raised $6 million across 2 funding rounds from investors including NIH. Anavasi Diagnostics offers products and services including AscencioDx Molecular Detector and AscencioDx Covid-19 Test. Anavasi Diagnostics operates in a competitive market with competitors including Alveo Technologies, Luas Diagnostics, VIRIS Detection Systems, BioHermes and DxLab, among others.
- Headquarter Seattle, United States
- Founders Minh Duong, Robert Atkinson, Barry Lutz
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 2 rounds
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Latest Funding Round
$14.9 M (USD), Grant
Nov 10, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of Anavasi Diagnostics
Anavasi Diagnostics offers a comprehensive portfolio of products and services, including AscencioDx Molecular Detector and AscencioDx Covid-19 Test. 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.
Rapid portable tool for detecting SARS-CoV-2 in point-of-care settings.
Nucleic acid detection kit for SARS-CoV-2 variants in medical environments.
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Funding Insights of Anavasi Diagnostics
Anavasi Diagnostics has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $14.9 million completed in November 2021. 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 2
- Last Round Grant — $14.9M
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First Round
First Round
(10 Nov 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Grant - Anavasi Diagnostics | Valuation |
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| Nov, 2021 | Amount | Angel Round - Anavasi 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 Anavasi Diagnostics
Anavasi Diagnostics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NIH. 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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Drug discovery services are provided to the biopharma sector.
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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 Anavasi Diagnostics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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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2016 |
Financial Statements - Anavasi 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 |
investors |
Anavasi Diagnostics Comparisons
Competitors of Anavasi Diagnostics
Anavasi 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 Alveo Technologies, Luas Diagnostics, VIRIS Detection Systems, BioHermes and DxLab, 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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Cloud-powered POC MDx device
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Sensors and connected app are developed for diabetes management.
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CRISPR-based RNA-guided diagnostics for SARS-CoV-2 detection are developed.
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Provider of POC diagnostic devices and kits
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| domain | founded_year | HQ Location |
Point-of-care devices for infectious disease detection are developed.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Anavasi Diagnostics
Frequently Asked Questions about Anavasi Diagnostics
When was Anavasi Diagnostics founded?
Anavasi Diagnostics was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Anavasi Diagnostics located?
Anavasi Diagnostics is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Anavasi Diagnostics a funded company?
Anavasi Diagnostics is a funded company, having raised a total of $6M across 2 funding rounds to date. The company's 1st funding round was a Grant of $14.9M, raised on Nov 10, 2021.
What does Anavasi Diagnostics do?
Anavasi Diagnostics was established in 2020 in Seattle, United States. Operations are centered in the diagnostics sector, with molecular detectors for COVID-19 produced as the primary focus. The company is led by co-founders Minh Duong, Robert Atkinson, and Barry Lutz, who also serves as chief scientific officer. Development and manufacturing of these diagnostic tools occur within the biotechnology field, targeting infectious disease testing needs in the region.
Who are the top competitors of Anavasi Diagnostics?
Anavasi Diagnostics's top competitors include Alveo Technologies, DxLab and BioHermes.
What products or services does Anavasi Diagnostics offer?
Anavasi Diagnostics offers AscencioDx Molecular Detector and AscencioDx Covid-19 Test.
Who are Anavasi Diagnostics's investors?
Anavasi Diagnostics has 1 investor. Key investors include NIH.
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