About PrecisionMed
PrecisionMed is a company based in San Diego (United States) founded in 1996 was acquired by BioIVT in July 2023.. PrecisionMed has raised $1.22 million across 1 funding round from investors including BioIVT and West-Atlantic Partners. PrecisionMed offers products and services including CSF Samples, Serum and Plasma Products, Liquid Biopsy, and FFPE Tissue. PrecisionMed operates in a competitive market with competitors including GenVault Corporation, iSpecimen, Cryoniss, AminoChain and ViaCell, among others.
- Headquarter San Diego, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Precisionmed, Llc
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Products & Services of PrecisionMed
PrecisionMed offers a comprehensive portfolio of products and services, including CSF Samples, Serum and Plasma Products, Liquid Biopsy, and FFPE Tissue. 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.
Human CSF for longitudinal research with matched clinical data.
Human serum and plasma for biomarker discovery and diagnostics.
Samples for oncology research and molecular diagnostics.
Formalin-fixed paraffin-embedded tissue for genetic studies.
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Funding Insights of PrecisionMed
PrecisionMed has successfully raised a total of $1.22M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $1.22 million completed in February 2014. 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 Unspecified — $1.2M
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First Round
First Round
(13 Feb 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Unspecified - PrecisionMed | Valuation |
investors |
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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 PrecisionMed
PrecisionMed has secured backing from 2 investors. Prominent investors backing the company include BioIVT and West-Atlantic Partners. 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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Invests in and partners with private businesses in healthcare, telecom, and technology.
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Founded Year | Domain | Location | |
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Provider of in vitro diagnostic products and assay services
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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 PrecisionMed
| 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 - PrecisionMed
| 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 |
Precisionmed Comparisons
Competitors of PrecisionMed
PrecisionMed 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 GenVault Corporation, iSpecimen, Cryoniss, AminoChain and ViaCell, 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 |
Biosamples are stabilized, transported, stored, and retrieved by GenVault.
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| domain | founded_year | HQ Location |
Provider of a biorepository of human clinical specimens
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| domain | founded_year | HQ Location |
Provider of biobanking services for life sciences industries
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| domain | founded_year | HQ Location |
A blockchain-based platform for tokenizing and incentivizing stem cell donations
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| domain | founded_year | HQ Location |
Provider of services for collecting and preserving umbilical cord blood stem cells
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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 Precisionmed
Frequently Asked Questions about PrecisionMed
When was PrecisionMed founded?
PrecisionMed was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Where is PrecisionMed located?
PrecisionMed is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is PrecisionMed a funded company?
PrecisionMed is a funded company, having raised a total of $1.22M across 1 funding round to date. The company's 1st funding round was a Unspecified of $1.22M, raised on Feb 13, 2014.
What does PrecisionMed do?
PrecisionMed was established in 1996 in San Diego, United States, within the biotechnology sector focused on research support. A biorepository of annotated human biological samples is operated, including longitudinally collected cerebrospinal fluid from normal and diseased individuals. Serum, other body fluids, FFPE tissues, slides, and wet tissues are also provided. Normal control samples, termed TruNormal, are sourced through a network of partner institutions and matched to diseased materials as needed.
Who are the top competitors of PrecisionMed?
PrecisionMed's top competitors include Cryoport, iSpecimen and Clean Cells.
What products or services does PrecisionMed offer?
PrecisionMed offers CSF Samples, Serum and Plasma Products, Liquid Biopsy, and FFPE Tissue.
Who are PrecisionMed's investors?
PrecisionMed has 2 investors. Key investors include BioIVT, and West-Atlantic Partners.
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