About On Target Laboratories
On Target Laboratories is a company based in West Lafayette (United States) founded in 2010 by Phil S Low.. On Target Laboratories has raised $116.5 million across 8 funding rounds from investors including Olympus, HHS and H.I.G. Capital. The company has 29 employees as of December 31, 2023. On Target Laboratories offers products and services including CYTALUX. On Target Laboratories operates in a competitive market with competitors including Huake Precision (Beijing) Medical Technology, Lumicell Diagnostics, Averto Medical, Guerbet and C-RAD, among others.
- Headquarter West Lafayette, United States
- Employees 29 as on 31 Dec, 2023
- Founders Phil S Low
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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 On Target Laboratories, 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
$116.5 M (USD)
in 8 rounds
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Latest Funding Round
$30 M (USD), Series C
Nov 16, 2023
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Investors
Olympus
& 12 more
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Employee Count
29
as on Dec 31, 2023
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Products & Services of On Target Laboratories
On Target Laboratories offers a comprehensive portfolio of products and services, including CYTALUX. 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.
FDA-approved agent for detecting and illuminating tumors during cancer surgery.
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Funding Insights of On Target Laboratories
On Target Laboratories has successfully raised a total of $116.5M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in November 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 8
- Last Round Series C — $30.0M
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First Round
First Round
(11 Mar 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series C - On Target Laboratories | Valuation | Johnson & Johnson Innovation , Pension Fund | |
| Mar, 2021 | Amount | Series B - On Target Laboratories | Valuation | Johnson & Johnson Innovation – JJDC , H.I.G. Capital |
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| Mar, 2018 | Amount | Series B - On Target Laboratories | Valuation | HIG BioHealth Partners , Elevate 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 On Target Laboratories
On Target Laboratories has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Olympus, HHS and H.I.G. Capital. 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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Early-stage healthcare investments are made by 3B Future Health Fund.
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Founded Year | Domain | Location | |
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Early-stage investments are made in diverse sectors by the firm.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Johnson & Johnson
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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 On Target Laboratories
| 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 - On Target Laboratories
| 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 |
On Target Laboratories Comparisons
Competitors of On Target Laboratories
On Target Laboratories 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 Huake Precision (Beijing) Medical Technology, Lumicell Diagnostics, Averto Medical, Guerbet and C-RAD, 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 |
Neurosurgery robots are provided for neurological disorder treatments.
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| domain | founded_year | HQ Location |
Developer of fluorescence-guided imaging technologies to help surgeons detect residual cancer tissue during operations
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| domain | founded_year | HQ Location |
Medical devices for gastrointestinal disease patients are developed.
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| domain | founded_year | HQ Location |
Contrast agents and delivery systems are developed for medical imaging.
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| domain | founded_year | HQ Location |
Oncology treatments are delivered through standalone clinics.
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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 On Target Laboratories
Frequently Asked Questions about On Target Laboratories
When was On Target Laboratories founded?
On Target Laboratories was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is On Target Laboratories located?
On Target Laboratories is headquartered in West Lafayette, United States. It is registered at West Lafayette, Indiana, United States.
Who is the current CEO of On Target Laboratories?
Chris Barys is the current CEO of On Target Laboratories.
Is On Target Laboratories a funded company?
On Target Laboratories is a funded company, having raised a total of $116.5M across 8 funding rounds to date. The company's 1st funding round was a Series B of $11.1M, raised on Mar 11, 2014.
How many employees does On Target Laboratories have?
As of Dec 31, 2023, the latest employee count at On Target Laboratories is 29.
What does On Target Laboratories do?
On Target Laboratories was founded in 2010 in West Lafayette, United States. Focus is placed on the biotechnology sector, where molecular imaging agents are developed to assist in cancer surgery. Fluorescent markers based on this technology are supplied to highlight cancerous tissue during procedures, allowing for targeted removal. Key roles are held by Phil S. Low as Founder and Chief Science Officer, and Chris Barys as CEO and President.
Who are the top competitors of On Target Laboratories?
On Target Laboratories's top competitors include Huake Precision (Beijing) Medical Technology, Lumicell Diagnostics and Guerbet.
What products or services does On Target Laboratories offer?
On Target Laboratories offers CYTALUX.
Who are On Target Laboratories's investors?
On Target Laboratories has 13 investors. Key investors include Olympus, HHS, H.I.G. Capital, Johnson & Johnson Innovation, and Pension Fund.