About Phitonex
Phitonex is a company based in Raleigh (United States) founded in 2017 by Chris Dwyer, Craig LaBoda, and Alvin Lebeck was acquired by Thermo Fisher Scientific in December 2020.. Phitonex has raised $2 million across 3 funding rounds from investors including Thermo Fisher Scientific. Phitonex offers products and services including NovaFluor Dyes and Antibodies. Phitonex operates in a competitive market with competitors including NuProbe, Nanosphere, Sirigen, ATDBio and Akrotome, among others.
- Headquarter Raleigh, United States
- Founders Chris Dwyer, Craig LaBoda, Alvin Lebeck
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
Oct 21, 2019
- Investors
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Employee Count
Employee Count
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Acquired by
Thermo Fisher Scientific
(Dec 31, 2020)
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Products & Services of Phitonex
Phitonex offers a comprehensive portfolio of products and services, including NovaFluor Dyes and Antibodies. 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.
Dyes for minimizing cross-laser excitation in flow cytometry.
Conjugated antibodies for flow cytometry panel expansion.
Funding Insights of Phitonex
Phitonex has successfully raised a total of $2M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in October 2019. 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 3
- Last Round Seed — $2.0M
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First Round
First Round
(14 Aug 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Seed - Phitonex | Valuation |
investors |
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| Nov, 2018 | Amount | Debt – Conventional - Phitonex | Valuation |
investors |
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| Aug, 2017 | Amount | Debt – Conventional - Phitonex | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Phitonex
Phitonex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Thermo Fisher Scientific. 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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Electron microscopy services and microanalysis instruments are provided.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Phitonex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Phitonex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Phitonex Comparisons
Competitors of Phitonex
Phitonex 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 NuProbe, Nanosphere, Sirigen, ATDBio and Akrotome, 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 |
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Sensitive multiplex platforms for QPCR are developed using toehold probes.
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Diagnostic tests for personalized medicine targeting infections are provided.
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High sensitivity fluorescence detection technologies for diagnostics and life science applications
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Developer of oligonucleotides
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Probes for molecular imaging of tumor margins are designed.
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Provides fluorescent products for PCR, DNA analysis, and cell staining in research.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phitonex
Frequently Asked Questions about Phitonex
When was Phitonex founded?
Phitonex was founded in 2017.
Where is Phitonex located?
Phitonex is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
Who is the current CEO of Phitonex?
Alvin Lebeck is the current CEO of Phitonex. They have also founded this company.
Is Phitonex a funded company?
Phitonex is a funded company, having raised a total of $2M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $30K, raised on Aug 14, 2017.
What does Phitonex do?
Phitonex (a spin-off from Duke University) develops fluorescent labels and instrumentation. Its products include NovaFluors (a suite of ultra-bright labels spanning that are used to determine low-abundance biomarkers), InfiniFluors (to avoid spectral overlap), and InfiniSight (instrumentation to increase the number of simultaneously observable molecular biomarkers). The products have application in drug discovery and diagnostics industry. As of May 2018, the company is seeking seed funding to launch its products in 2019.
Who are the top competitors of Phitonex?
Phitonex's top competitors include NuProbe, Nanosphere and Sirigen.
What products or services does Phitonex offer?
Phitonex offers NovaFluor Dyes and Antibodies.
Who are Phitonex's investors?
Phitonex has 1 investor. Key investors include Thermo Fisher Scientific.
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