About EDX Medical Group
EDX Medical Group is a company based in Cambridge (United Kingdom) founded in 2022 by Chris Evans.. EDX Medical Group has raised $2.15 million across 1 funding round from investors including Bridgemere, Robert Marshall and Paul Thandi CBE DL. EDX Medical Group has completed 2 acquisitions, including Hutano Diagnostics and Torax Biosciences. EDX Medical Group operates in a competitive market with competitors including EKF, LumiraDx, SpinChip, LightDeck Diagnostics and ProciseDx, among others.
- Headquarter Cambridge, United Kingdom
- Founders Chris Evans
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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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- Legal Name Edx Medical Group Plc
- Date of Incorporation 19 Mar, 2021
- Jurisdiction CAMBRIDGE, CAMBS, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.15 M (USD)
in 1 rounds
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Latest Funding Round
$2.15 M (USD), Seed
Apr 26, 2023
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Investors
Bridgemere
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Hutano Diagnostics
& 1 more
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Funding Insights of EDX Medical Group
EDX Medical Group has successfully raised a total of $2.15M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.15 million completed in April 2023. 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 1
- Last Round Seed — $2.1M
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First Round
First Round
(26 Apr 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - EDX Medical Group | Valuation | Robert Marshall , Paul Thandi CBE DL |
| 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 EDX Medical Group
EDX Medical Group has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Bridgemere, Robert Marshall and Paul Thandi CBE DL. 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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Parent company for housebuilding, land development, leisure, and long-term investments.
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Founded Year | Domain | Location | |
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RM
Robert Marshall |
Indian angel investor with focus on early-stage tech startups.
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Founded Year | Domain | Location |
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PT
Paul Thandi CBE DL |
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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 EDX Medical Group
EDX Medical Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hutano Diagnostics and Torax Biosciences. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diagnostic tools for early disease detection and management are developed.
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2018 | ||||
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IVD reagents and instruments for diagnostic testing are developed.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - EDX Medical Group
| 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 |
Edx Medical Group Comparisons
Competitors of EDX Medical Group
EDX Medical Group 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 EKF, LumiraDx, SpinChip, LightDeck Diagnostics and ProciseDx, 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 |
Point-of-care and laboratory blood analyzers are developed by EKF.
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| domain | founded_year | HQ Location |
Cloud based diagnostics platform for point of care diagnosing
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| domain | founded_year | HQ Location |
In-vitro diagnostic test cartridges are developed and manufactured via R&D.
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| domain | founded_year | HQ Location |
Point-of-care diagnostic devices for multiplex assays are developed.
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| domain | founded_year | HQ Location |
Point-of-care diagnostic devices for immunoassay tests are provided to clinicians.
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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 Edx Medical Group
Frequently Asked Questions about EDX Medical Group
When was EDX Medical Group founded?
EDX Medical Group was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is EDX Medical Group located?
EDX Medical Group is headquartered in Cambridge, United Kingdom. It is registered at Cambridge, Cambridgeshire, United Kingdom.
Who is the current CEO of EDX Medical Group?
Mike Hudson is the current CEO of EDX Medical Group.
Is EDX Medical Group a funded company?
EDX Medical Group is a funded company, having raised a total of $2.15M across 1 funding round to date. The company's 1st funding round was a Seed of $2.15M, raised on Apr 26, 2023.
What does EDX Medical Group do?
EDX Medical Group was founded in 2022 and is located in Cambridge, United Kingdom. Operations center on research within the medical diagnostics sector. Solutions for healthcare diagnostics are developed through laboratory-based activities. The company is led by Founder Chris Evans and CEO Mike Hudson. Focus remains on advancing diagnostic technologies in the UK healthcare landscape.
Who are the top competitors of EDX Medical Group?
How many acquisitions has EDX Medical Group made?
EDX Medical Group has made 2 acquisitions, including Hutano Diagnostics, and Torax Biosciences.
Who are EDX Medical Group's investors?
EDX Medical Group has 3 investors. Key investors include Bridgemere, Robert Marshall, and Paul Thandi CBE DL.