About RainDance
RainDance is a company based in Billerica (United States) founded in 2004 was acquired by Bio Rad in January 2017.. RainDance has raised $111.66 million across 17 funding rounds from investors including Myriad Genetics, General Electric and HHS. The company has 105 employees as of December 31, 2022. RainDance operates in a competitive market with competitors including GRAIL, Nanopore, PacBio, Color and Omniome, among others.
- Headquarter Billerica, United States
- Employees 105 as on 31 Dec, 2022
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Raindance Technologies, Inc. 401K Plan
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$111.66 M (USD)
in 17 rounds
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Latest Funding Round
$16.5 M (USD), Series E
Feb 28, 2014
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Investors
Myriad Genetics
& 10 more
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Employee Count
105
as on Dec 31, 2022
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Acquired by
Bio Rad
(Jan 16, 2017)
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Funding Insights of RainDance
RainDance has successfully raised a total of $111.66M across 17 strategic funding rounds. The most recent funding activity was a Series E round of $16.5 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 17
- Last Round Series E — $16.5M
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First Round
First Round
(21 Jul 2006)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Series E - RainDance | Valuation |
investors |
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| Sep, 2013 | Amount | Debt – Conventional - RainDance | Valuation |
investors |
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| Apr, 2013 | Amount | Series E - RainDance | Valuation | Myriad Genetics |
| 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 RainDance
RainDance has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Myriad Genetics, General Electric and HHS. 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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Northgate Capital is engaged in venture capital and private equity investments.
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Founded Year | Domain | Location | |
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CRG is recognized as a premier healthcare investment partner.
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Founded Year | Domain | Location | |
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Venture capital investments are managed in technology and healthcare sectors by this 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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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 RainDance
| 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 - RainDance
| 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 |
Raindance Comparisons
Competitors of RainDance
RainDance 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 GRAIL, Nanopore, PacBio, Color and Omniome, 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 |
Circulating tumor DNA is screened for early cancer detection.
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| domain | founded_year | HQ Location |
Nanopore-based electronic systems for single-molecule analysis are developed.
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| domain | founded_year | HQ Location |
Instrument systems and software for single-molecule real-time sequencing are developed.
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| domain | founded_year | HQ Location |
Cancer care is delivered through a virtual clinic by Color.
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| domain | founded_year | HQ Location |
Genome sequencing platform is provided for clinical diagnostics.
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| domain | founded_year | HQ Location |
DNA sequencing platform for human genome analysis is developed.
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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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Frequently Asked Questions about RainDance
When was RainDance founded?
RainDance was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is RainDance located?
RainDance is headquartered in Billerica, United States. It is registered at Billerica, Massachusetts, United States.
Who is the current CEO of RainDance?
Kathy Ordonez is the current CEO of RainDance.
Is RainDance a funded company?
RainDance is a funded company, having raised a total of $111.66M across 17 funding rounds to date. The company's 1st funding round was a Series E of $20M, raised on Jul 21, 2006.
How many employees does RainDance have?
As of Dec 31, 2022, the latest employee count at RainDance is 105.
What does RainDance do?
RainDance was founded in 2004 in Billerica, United States, within the biotechnology sector. Nucleic acid detection and quantification systems are developed, manufactured, and sold based on proprietary single-molecule PCR technology, which processes reactions in millions of uniform 5-picoliter droplets for enhanced sensitivity and specificity compared to traditional methods. A next-generation sequencing target enrichment system is also offered, including instrumentation and pre-validated gene panels.
Who are the top competitors of RainDance?
Who are RainDance's investors?
RainDance has 11 investors. Key investors include Myriad Genetics, General Electric, HHS, Bio Rad, and Northgate Capital.
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