About Cleveland HeartLab
Cleveland HeartLab is a company based in Cleveland (United States) founded in 2008 was acquired by Quest Diagnostics in October 2017.. Cleveland HeartLab has raised $38.85 million across 4 funding rounds from investors including Quest Diagnostics, Mutual Capital Partners and Excel Venture Management. Cleveland HeartLab operates in a competitive market with competitors including Conavi, Acarix, Ionetix, Infraredx and Kaminari Medical, among others.
- Headquarter Cleveland, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cleveland Heartlab, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.85 M (USD)
in 4 rounds
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Latest Funding Round
$2.75 M (USD), Series B
Jul 08, 2014
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Investors
Quest Diagnostics
& 6 more
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Employee Count
Employee Count
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Acquired by
Quest Diagnostics
(Oct 19, 2017)
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Funding Insights of Cleveland HeartLab
Cleveland HeartLab has successfully raised a total of $38.85M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.75 million completed in July 2014. 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 B — $2.8M
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First Round
First Round
(02 Mar 2010)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2014 | Amount | Series B - Cleveland HeartLab | Valuation |
investors |
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| Oct, 2012 | Amount | Series B - Cleveland HeartLab | Valuation |
investors |
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| Aug, 2011 | Amount | Series B - Cleveland HeartLab | Valuation | Excel Venture Management , Healthcare Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Cleveland HeartLab
Cleveland HeartLab has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Quest Diagnostics, Mutual Capital Partners and Excel Venture Management. 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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Founded Year | Domain | Location | |
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Early to late stage VC firm investing in the US
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Founded Year | Domain | Location | |
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cleveland HeartLab
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cleveland HeartLab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Cleveland Heartlab Comparisons
Competitors of Cleveland HeartLab
Cleveland HeartLab 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 Conavi, Acarix, Ionetix, Infraredx and Kaminari Medical, 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 |
Catheter-based ultrasound systems for cardiac imaging are developed.
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| domain | founded_year | HQ Location |
A screening device for acoustic coronary artery diseases is provided.
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| domain | founded_year | HQ Location |
Superconducting cyclotrons for PET radioisotopes are developed by Ionetix.
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| domain | founded_year | HQ Location |
Coronary imaging and plaque detection system
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| domain | founded_year | HQ Location |
Developer of diagnostic solution for vulnerable plaque in the coronary arteries
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Cleveland Heartlab
Frequently Asked Questions about Cleveland HeartLab
When was Cleveland HeartLab founded?
Cleveland HeartLab was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Cleveland HeartLab located?
Cleveland HeartLab is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
Is Cleveland HeartLab a funded company?
Cleveland HeartLab is a funded company, having raised a total of $38.85M across 4 funding rounds to date. The company's 1st funding round was a Series B of $18.4M, raised on Mar 02, 2010.
What does Cleveland HeartLab do?
Cleveland HeartLab is a specialty clinical laboratory and disease management company focused on biomarker technologies. Offers a group of biomarkers that provide insight into an individuals risk for cardiovascular diseases. Has developed a profile of tests focused on managing and reducing inflammation along with range of standard and advanced tests. Has one U.S. Food and Drug Administration-approved test that detects an enzyme called myeloperoxidase, or MPO, in the blood.CAP-accredited and CLIA-certified clinical reference laboratory. Covers North America and Europe.
Who are the top competitors of Cleveland HeartLab?
Who are Cleveland HeartLab's investors?
Cleveland HeartLab has 7 investors. Key investors include Quest Diagnostics, Mutual Capital Partners, Excel Venture Management, Healthcare Ventures, and Second Generation Ltd..