© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Atlas Genetics Completes $20m Series C Fundraising
Posted 27th February 2015

Atlas Genetics Completes $20m Series C Fundraising

NULL

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Atlas Genetics Completes $20m Series C Fundraising
Image

Atlas Genetics Completes $20m Series C Fundraising

Atlas Genetics Ltd (“Atlas” or the “Company”), the ultra-rapid ‘test and treat’ molecular diagnostics company, announced the completion of a Series C financing, raising $20 million from a syndicate including existing investors and one new investor, RMI Partners.

New investor, RMI Partners, is a global life sciences venture capital firm, the largest in Eastern Europe. Existing investors include Novartis Venture Funds, Consort Medical plc, Johnson & Johnson Innovation – JJDC, Inc., LSP, BB Biotech Ventures and South West Ventures Fund. This newly announced financing follows on from the previously announced Series B fundraising of $25 million.

Atlas develops ultra-rapid point-of-care diagnostic tests for infectious diseases. The io® system is at an advanced stage of development and is expected to be launched in Europe with the first test for Chlamydia later this year. The Series C investment will be used to accelerate the launch of the io® system, initiate US clinical trials, and expand the menu of tests available initially in the STI (sexually transmitted infections) and HAI (hospital acquired infections) markets.

Dr John Clarkson, Chief Executive Officer of Atlas, commented: “We would like to thank our investors for their continued support and we are delighted to welcome RMI Partners to the syndicate. This is an exciting time for the Company as we prepare our first product, a test for the sexually transmitted infection Chlamydia, for launch in Europe later this year. The funds raised will enable us to commercialise our io® system and to build out a programme of much needed ‘test and treat’ assays in markets where time really does matter, both for the physician and for the patient.”

For more information about Atlas Genetics, please visit atlasgenetics.com.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Key Questions and Answers About Vortex Acquiring TerraForm Power’s Full Solar Portfolio
Finance
31/01/2017Key Questions and Answers About Vortex Acquiring TerraForm Power’s Full Solar Portfolio

The European energy platform Vortex has agreed to acquire 100% of a 365 MW operational solar PV power portfolio in the UK, which is currently owned by TerraForm Power. Vortex, managed by the private equity arm of EFG Hermes, entered into the sale and purchase

Read Full PostRead - Eye Icon
How to Level Up Your Recruitment with ChatGPT
Innovation
20/03/2023How to Level Up Your Recruitment with ChatGPT

ChatGPT, an artificial intelligence chatbot, has made waves through the technology sector since launching in November 2022, with users impressed by its realistic and human-like conversational experience.

Read Full PostRead - Eye Icon
Essential Tips for Affiliate Marketers
News
24/06/2024Essential Tips for Affiliate Marketers

Partnership purpose between site owners and companies providing affiliate marketing services is to increase content views and profits on the Internet. Products are promoted using unique links. As a result, the cooperation turns out to be mutually beneficial. A

Read Full PostRead - Eye Icon
Protecting Yourself Against a Recession
Strategy
28/05/2020Protecting Yourself Against a Recession

The coronavirus outbreak has spread to businesses, leaving many around the world counting costs. Notoriously, known as the Great Lockdown, it’s been affecting the world economy since early this year. The predicted recession is considered to be the steepest e

Read Full PostRead - Eye Icon
How Augmented Reality is Changing Business in the UK
Innovation
23/05/2022How Augmented Reality is Changing Business in the UK

On the internet, augmented reality (AR) is already making waves. AR filters are all over Instagram, from Rihanna's glittering diamond headpiece to Kylie Jenner's strong lipstick colours.

Read Full PostRead - Eye Icon
Global IP Industry Primed for “Digital Revolution”
Innovation
18/09/2019Global IP Industry Primed for “Digital Revolution”

IP technology leader CPA Global has today launched a new global campaign – New IP – calling on the international IP industry to radically re-imagine the business of innovation. At the heart of the campaign lies the premise that failure to put technology at

Read Full PostRead - Eye Icon
Motor Fuel Group acquires 90 Shell filling stations
Finance
15/04/2015Motor Fuel Group acquires 90 Shell filling stations

Motor Fuel Group, Aberdeen oil tycoon Alasdair Locke's partnership with investment firm Patron Capital Partners, has increased its forecourt portfolio to 373 with this latest deal.

Read Full PostRead - Eye Icon
Understanding The Different Types of FHA Loans In 2022
Finance
08/09/2022Understanding The Different Types of FHA Loans In 2022

Most people looking to buy a house in the near future will also have to review the market for suitable loans.

Read Full PostRead - Eye Icon
Geared to Success
Innovation
29/09/2016Geared to Success

Clutch Group has evolved over the ten years since its founding to become a global, enterprise-class legal, risk, and compliance solutions company.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow