Dxcover

Glasgow, United Kingdom Founded: 2016 • Age: 10 yrs
AI-powered device developed for early brain tumor diagnosis.
Annual revenue - Latest available
Total funding $15.4M 4 rounds
Employees 16 Tracked headcount
Investors 11 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

About Dxcover

Dxcover is a company based in Glasgow (United Kingdom) founded in 2016 by Matthew J Baker and Mark Hegarty. Dxcover has raised $15.45 million across 4 funding rounds from investors including Mercia, University of Strathclyde and Macmillan Cancer Support. The company has 16 employees as of January 31, 2021. Dxcover offers products and services including PANAROMIC™ Platform and DROP DRY DETECT™. Dxcover operates in a competitive market with competitors including Guardant Health, Natera, Foundation Medicine, ArcherDX and Prenetics, among others.

  • Headquarter Glasgow, United Kingdom
  • Employees 16 as on 31 Jan, 2021
  • Founders Matthew J Baker, Mark Hegarty
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Dxcover Limited
  • Date of Incorporation 16 May, 2016
  • Jurisdiction GLASGOW, SCOTLAND
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research Unlock Sub-Sector Unlock Segment
Healthcare → Healthcare Products & Supplies Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $15.45 M (USD)

    in 4 rounds

  • Latest Funding Round
    $6.2 M (USD), Series A

    Feb 03, 2025

  • Investors
    Mercia

    & 10 more

  • Employee Count
    16

    as on Jan 31, 2021

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Products & Services of Dxcover

Dxcover offers a comprehensive portfolio of products and services, including PANAROMIC™ Platform and DROP DRY DETECT™.

Product name locked
Category locked
Primary

Enables early detection of multiple cancers using AI and spectroscopy.

Product name locked
Category locked
Locked

Facilitates liquid biopsy for cancer diagnosis through spectral analysis.

People of Dxcover

Headcount 10-50
Employee Profiles 10
Board Members and Advisors 4
Employee Profiles
People
John Duncan
Finance Director
People
David S Palmer
Chief Data Scientist
People
Holly J Butler
Head of Development
People
Matthew J Baker
CTO

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Board Members and Advisors
people
Stephen Little
Board Member
people
Andrew McNeill
Investor Director
people
Paul Brennan
Scientific Advisor
people
David Onions
Investor Director

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Funding Insights of Dxcover

Dxcover has successfully raised a total of $15.45M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.2 million completed in February 2025. 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.

Investors in Dxcover

Dxcover has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mercia, University of Strathclyde and Macmillan Cancer Support.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Investment in science and technology is managed by Eos.
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Venture capital fund focused on social impact companies
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Government agency and accelerator focusing on innovative startups and SMEs
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Investor details for Dxcover

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Investments & Acquisitions by Dxcover

Investments
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Investment portfolio details for Dxcover

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Financial Statements - Dxcover

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Dxcover Comparisons

Dxcover Primary company
Description
AI-powered device developed for early brain tumor diagnosis.
Location
Glasgow, United Kingdom
Founded Year
2016
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
16
As of 2021
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Peer comparison for Dxcover

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Competitors of Dxcover

Dxcover 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 Guardant Health, Natera, Foundation Medicine, ArcherDX and Prenetics, among others.

Company Name Domain Founded year HQ Location Description
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Digital sequencing technology for cancer detection is developed.
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Developer of cell-free DNA testing for oncology, women’s health, and organ health
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Genomics-based diagnostic tests for cancer are provided.
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Molecular cancer diagnostic products are developed using patented AMP technology.
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Health risks are identified through online genetic and diagnostic testing.
Locked Locked Locked
Blood-based liquid biopsy tests for multiple cancer detection are provided.
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Detailed competitors of Dxcover

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Latest news on Dxcover

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Complete news archive for Dxcover

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Frequently Asked Questions about Dxcover

Dxcover was founded in 2016 and raised its 1st funding round 6 years after it was founded.

Dxcover is headquartered in Glasgow, United Kingdom. It is registered at Glasgow, Scotland, United Kingdom.

Mark Hegarty is the current CEO of Dxcover. They have also founded this company.

Dxcover is a funded company, having raised a total of $15.45M across 4 funding rounds to date.

As of Jan 31, 2021, the latest employee count at Dxcover is 16.

Dxcover was founded in 2016 in Glasgow, United Kingdom, within the health technology sector. An AI-powered platform is utilized by the company, integrating novel hardware with algorithms to analyze blood samples. Early detection of brain tumors and other common cancers is facilitated through this device. Operations focus on diagnostic tools for oncology, serving medical applications in the UK and beyond.

Dxcover's top competitors include Guardant Health, Exact Sciences and Foundation Medicine.

Dxcover offers PANAROMIC™ Platform and DROP DRY DETECT™.

Dxcover has 11 investors. Key investors include Mercia, University of Strathclyde, Macmillan Cancer Support, Scottish Enterprise, and European Union.

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