About SpinDiag
SpinDiag is a company founded in 2016 by Gregor Grob Czilwik, Frank Schwemmer, Oliver Strohmeier, Daniel Mark, Dominique Kosse, and Mark Keller.. SpinDiag has raised $27.69 million across 4 funding rounds from investors including European Investment Bank, Think.Health and German Accelerator. SpinDiag offers products and services including Rhonda player, Rhonda Respi disk, Rhonda SARS-CoV-2 disk, Rhonda MRSA disk, and Rhonda app. SpinDiag operates in a competitive market with competitors including Cepheid, Day Zero Diagnostics, NeuMoDx, SeLux Diagnostics and Kryptos Biotechnologies, among others.
- Founders Gregor Grob Czilwik, Frank Schwemmer, Oliver Strohmeier, Daniel Mark, Dominique Kosse, Mark Keller
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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 Spindiag Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.69 M (USD)
in 4 rounds
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Latest Funding Round
$14.58 M (USD), Debt – Conventional
Oct 17, 2022
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Investors
European Investment Bank
& 2 more
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Employee Count
Employee Count
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Products & Services of SpinDiag
SpinDiag offers a comprehensive portfolio of products and services, including Rhonda player, Rhonda Respi disk, Rhonda SARS-CoV-2 disk, Rhonda MRSA disk, and Rhonda app. 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.
Device for rapid point-of-care PCR testing of infectious diseases.
Disk for detecting respiratory infections via PCR technology.
Specific kit for COVID-19 detection using point-of-care PCR.
Disk for identifying MRSA infections through rapid PCR testing.
Application for managing and analyzing PCR test results.
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Funding Insights of SpinDiag
SpinDiag has successfully raised a total of $27.69M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $14.58 million completed in October 2022. 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 4
- Last Round Debt – Conventional — $14.6M
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First Round
First Round
(28 Nov 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Debt – Conventional - SpinDiag | Valuation |
investors |
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| May, 2020 | Amount | Series B - SpinDiag | Valuation | Think.Health |
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| Apr, 2020 | Amount | Series B - SpinDiag | 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 SpinDiag
SpinDiag has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include European Investment Bank, Think.Health and German Accelerator. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Early-stage tech & life sciences focused VC firm investing in geographies such as Europe
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Founded Year | Domain | Location | |
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Acceleration programs are provided to German startups internationally.
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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 SpinDiag
| 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 - SpinDiag
| 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 |
Spindiag Comparisons
Competitors of SpinDiag
SpinDiag 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 Cepheid, Day Zero Diagnostics, NeuMoDx, SeLux Diagnostics and Kryptos Biotechnologies, 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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| domain | founded_year | HQ Location |
Developer of molecular diagnostic testing solutions
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| domain | founded_year | HQ Location |
Genome sequencing diagnostics for infectious diseases are developed.
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| domain | founded_year | HQ Location |
Developer of a platform for low cost molecular testing
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| domain | founded_year | HQ Location |
Developer of alternatives to traditional ELISA assays
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| domain | founded_year | HQ Location |
Point-of-care molecular diagnostics are enabled by Ultrafast Photonic PCR technology.
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| domain | founded_year | HQ Location |
Provide tools that accelerate new strategies for the diagnosis and treatment of inherited disorders, cancer, and infectious disease.
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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 Spindiag
Frequently Asked Questions about SpinDiag
When was SpinDiag founded?
SpinDiag was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Who is the current CEO of SpinDiag?
Daniel Mark is the current CEO of SpinDiag. They have also founded this company.
Is SpinDiag a funded company?
SpinDiag is a funded company, having raised a total of $27.69M across 4 funding rounds to date. The company's 1st funding round was a Series B of $6.5M, raised on Nov 28, 2018.
What does SpinDiag do?
SpinDiag was established in 2016 as a spin-off from Hahn-Schickard in Germany. Automated point-of-care systems are developed by the company within the medical diagnostics sector. The LabDisk platform, based on centrifugal-microfluidic technology, enables PCR testing for drug-resistant pathogens directly from patient swab samples. Operations center on rapid screening solutions for healthcare applications.
Who are the top competitors of SpinDiag?
SpinDiag's top competitors include Cepheid, Day Zero Diagnostics and NeuMoDx.
What products or services does SpinDiag offer?
SpinDiag offers Rhonda player, Rhonda Respi disk, Rhonda SARS-CoV-2 disk, Rhonda MRSA disk, and Rhonda app.
Who are SpinDiag's investors?
SpinDiag has 3 investors. Key investors include European Investment Bank, Think.Health, and German Accelerator.
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