About NanoString
NanoString is a company based in Seattle (United States) founded in 2003 by Dwayne Dunaway was acquired by Bruker in April 2024.. NanoString has raised $107.93 million across 15 funding rounds from investors including SVB, Morgan Stanley and Blackstone. NanoString operates in a competitive market with competitors including Horizon Discovery, GSK, Avidity Biosciences, Quanterix and Sutro Biopharma, among others.
- Headquarter Seattle, United States
- Founders Dwayne Dunaway
- Stage Public
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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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Funding Insights of NanoString
NanoString has successfully raised a total of $107.93M across 15 strategic funding rounds. The most recent funding activity was a Post-IPO round of $200 million completed in March 2020. 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 15
- Last Round Post-IPO — $200.0M
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First Round
First Round
(11 Aug 2004)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Post-IPO - NanoString | Valuation |
investors |
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| Jan, 2020 | Amount | Grant - NanoString | Valuation |
investors |
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| Nov, 2018 | Amount | Debt – Venture - NanoString | Valuation |
investors |
| 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 NanoString
NanoString has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Morgan Stanley and Blackstone. 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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CRG is recognized as a premier healthcare investment partner.
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Diversified investment management is provided across multiple asset classes.
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US focused VC firm
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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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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 NanoString
| 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 - NanoString
| 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 |
Nanostring Comparisons
Competitors of NanoString
NanoString 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 Horizon Discovery, GSK, Avidity Biosciences, Quanterix and Sutro Biopharma, 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 |
Genetically modified cell lines are developed using AAV gene-editing platform.
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| domain | founded_year | HQ Location |
Developer of pharmaceuticals and vaccines for various therapeutic areas
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| domain | founded_year | HQ Location |
Antibody-siRNA complexes are developed for cancer treatment.
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| domain | founded_year | HQ Location |
Assay kits for ultra-sensitive biomarker detection are developed.
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| domain | founded_year | HQ Location |
Antibody-based therapeutics for cancer therapy are developed via cell-free synthesis.
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Yeast cells are genetically engineered to produce medicinal products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Nanostring
Frequently Asked Questions about NanoString
When was NanoString founded?
NanoString was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Where is NanoString located?
NanoString is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is NanoString a funded company?
NanoString is a funded company, having raised a total of $107.93M across 15 funding rounds to date. The company's 1st funding round was a Debt – Venture of $20M, raised on Aug 11, 2004.
What does NanoString do?
NanoString was founded in 2003 in Seattle, United States, within the life sciences sector. Tools for translational research and molecular diagnosis are offered through technologies that enable protein and RNA expression analysis. Key products include the GeoMx Digital Spatial Profiler for spatial profiling and the nCounter Analysis system, which utilizes patented molecular barcode technology for digital detection. Operations focus on supporting research and diagnostic applications in biotechnology.
Who are the top competitors of NanoString?
NanoString's top competitors include Horizon Discovery, Sutro Biopharma and Synthego.
Who are NanoString's investors?
NanoString has 12 investors. Key investors include SVB, Morgan Stanley, Blackstone, General Electric, and Bruker.
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