About SpinChip
SpinChip is a company based in Oslo (Norway) founded in 2012 was acquired by BioMerieux in January 2025.. SpinChip has raised $23.42 million across 3 funding rounds from investors including BioMerieux, Kistefos and Investinor. The company has 30 employees as of December 31, 2021. SpinChip offers products and services including POC Platform and Diagnostic Tests. SpinChip operates in a competitive market with competitors including EKF, LumiraDx, LightDeck Diagnostics, Abaxis and EDX Medical Group, among others.
- Headquarter Oslo, Norway
- Employees 30 as on 31 Dec, 2021
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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
*********
- Legal Name Spinchip Diagnostics As
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Annual Revenue
$671.05 K (USD)-52as on Dec 31, 2022
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Net Profit
$-2.7 M (USD)-134as on Dec 31, 2022
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EBITDA
$-3.6 M (USD)-94as on Dec 31, 2022
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Total Equity Funding
$23.42 M (USD)
in 3 rounds
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Latest Funding Round
$6.05 M (USD), Series B
Apr 01, 2023
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Investors
BioMerieux
& 2 more
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Employee Count
30
as on Dec 31, 2021
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Acquired by
BioMerieux
(Jan 13, 2025)
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Products & Services of SpinChip
SpinChip offers a comprehensive portfolio of products and services, including POC Platform and Diagnostic Tests. 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.
Provides all-in-one diagnostic testing for near-patient use in healthcare.
Enables accurate and flexible disease detection with quick results.
Unlock access to complete
Funding Insights of SpinChip
SpinChip has successfully raised a total of $23.42M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6.05 million completed in April 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 3
- Last Round Series B — $6.1M
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First Round
First Round
(28 Jan 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - SpinChip | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - SpinChip | Valuation |
investors |
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| Jan, 2016 | Amount | Series A - SpinChip | 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 SpinChip
SpinChip has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BioMerieux, Kistefos and Investinor. 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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A private investment company managing diversified portfolios is operated.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Developer of diagnostics devices for multiple health purposes
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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 SpinChip
| 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 - SpinChip
| 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 |
Spinchip Comparisons
Competitors of SpinChip
SpinChip 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 EKF, LumiraDx, LightDeck Diagnostics, Abaxis and EDX Medical Group, 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 |
Point-of-care and laboratory blood analyzers are developed by EKF.
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| domain | founded_year | HQ Location |
Cloud based diagnostics platform for point of care diagnosing
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| domain | founded_year | HQ Location |
Point-of-care diagnostic devices for multiplex assays are developed.
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| domain | founded_year | HQ Location |
Diagnostics company offering a comprehensive line of on-site diagnostic instruments and rapid tests
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| domain | founded_year | HQ Location |
Medical diagnostics solutions are researched by the laboratory.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 SpinChip
When was SpinChip founded?
SpinChip was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is SpinChip located?
SpinChip is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of SpinChip?
Morten Jurs is the current CEO of SpinChip.
Is SpinChip a funded company?
SpinChip is a funded company, having raised a total of $23.42M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.11M, raised on Jan 28, 2016.
How many employees does SpinChip have?
As of Dec 31, 2021, the latest employee count at SpinChip is 30.
What is the annual revenue of SpinChip?
Annual revenue of SpinChip is $671.05K as on Dec 31, 2022.
What does SpinChip do?
SpinChip was founded in 2012 in Oslo, Norway, as an RD-focused entity in the medtech sector. In-vitro diagnostic test cartridges are developed and manufactured by the company, with operations centered on innovative diagnostic solutions. Leadership is provided by CEO Morten Jurs. Activities are conducted primarily in Norway, targeting healthcare applications through cartridge-based testing technologies.
Who are the top competitors of SpinChip?
What products or services does SpinChip offer?
SpinChip offers POC Platform and Diagnostic Tests.
Who are SpinChip's investors?
SpinChip has 3 investors. Key investors include BioMerieux, Kistefos, and Investinor.
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