Haystack Oncology

Baltimore, United States Founded: 2021 • Age: 5 yrs Acquired By Quest Diagnostics
Personalized cancer diagnostic tests are provided for minimal residual disease.
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About Haystack Oncology

Haystack Oncology is a company based in Baltimore (United States) founded in 2021 was acquired by Quest Diagnostics in April 2023.. Haystack Oncology has raised $67.02 million across 1 funding round from investors including ARE, Quest Diagnostics and Bruker. Haystack Oncology offers products and services including Haystack MRD. Haystack Oncology operates in a competitive market with competitors including Guardant Health, GRAIL, Natera, Foundation Medicine and ArcherDX, among others.

  • Headquarter Baltimore, United States
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Haystack Oncology, Inc.
Operational Areas
Healthcare → Biotechnology, Genomics & Life Sciences Research
Healthcare → Biotechnology, Genomics & Life Sciences Research
Healthcare → Healthcare Products & Supplies
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $67.02 M (USD)

    in 1 rounds

  • Latest Funding Round
    $67.02 M (USD), Series A

    Oct 17, 2022

  • Investors
    ARE

    & 4 more

  • Employee Count
    Employee Count
  • Acquired by
    Quest Diagnostics

    (Apr 27, 2023)

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Products & Services of Haystack Oncology

Haystack Oncology offers a comprehensive portfolio of products and services, including Haystack MRD. 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.

Primary

Detects ultralow ctDNA levels for residual disease monitoring in cancer patients.

People of Haystack Oncology
Headcount 10-50
Employee Profiles 2
Employee Profiles
People
Lauren Ramgattie, MBA
Director, Customer Experience
People
Dan Edelstein
Chief Executive Officer

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Funding Insights of Haystack Oncology

Haystack Oncology has successfully raised a total of $67.02M through 1 strategic funding round. The most recent funding activity was a Series A round of $67.02 million completed in October 2022. 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 Rounds 1
  • Last Round Series A — $67.0M
  • First Round

    (17 Oct 2022)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2022 Amount Series A - Haystack Oncology Valuation Catalio Capital Management
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 Haystack Oncology

Haystack Oncology has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ARE, Quest Diagnostics and Bruker. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital is provided to biomedical technology startups.
Founded Year Domain Location
Diversified research instrument systems are manufactured and supplied.
Founded Year Domain Location
Offers independent market intelligence for telecommunications, networking, and wireless markets.
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 Haystack Oncology

Investments
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 - Haystack Oncology

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
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

Haystack Oncology Comparisons

Employees
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Competitors of Haystack Oncology

Haystack Oncology 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, GRAIL, Natera, Foundation Medicine and ArcherDX, 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
Digital sequencing technology for cancer detection is developed.
domain founded_year HQ Location
Circulating tumor DNA is screened for early cancer detection.
domain founded_year HQ Location
Developer of cell-free DNA testing for oncology, women’s health, and organ health
domain founded_year HQ Location
Genomics-based diagnostic tests for cancer are provided.
domain founded_year HQ Location
Molecular cancer diagnostic products are developed using patented AMP technology.
domain founded_year HQ Location
Health risks are identified through online genetic and diagnostic testing.
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 Haystack Oncology

Frequently Asked Questions about Haystack Oncology

When was Haystack Oncology founded?

Haystack Oncology was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Haystack Oncology located?

Haystack Oncology is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.

Who is the current CEO of Haystack Oncology?

Dan Edelstein is the current CEO of Haystack Oncology.

Is Haystack Oncology a funded company?

Haystack Oncology is a funded company, having raised a total of $67.02M across 1 funding round to date. The company's 1st funding round was a Series A of $67.02M, raised on Oct 17, 2022.

What does Haystack Oncology do?

Haystack Oncology was founded in 2021 and is based in Baltimore, United States. Operations focus on the oncology sector, where personalized diagnostic tests are developed using circulating tumor DNA detection technology. Minimal residual disease testing is optimized for recurrent or resistant cancers through tumor-informed liquid biopsies. These begin with tissue-based whole-exome sequencing to identify patient-specific mutations, supporting clinical decision-making in cancer care.

Who are the top competitors of Haystack Oncology?

Haystack Oncology's top competitors include Guardant Health, GRAIL and Foundation Medicine.

What products or services does Haystack Oncology offer?

Haystack Oncology offers Haystack MRD.

Who are Haystack Oncology's investors?

Haystack Oncology has 5 investors. Key investors include ARE, Quest Diagnostics, Bruker, Catalio Capital Management, and Exact Ventures.

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