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Venture Capital News: BioFlyte Completes $5.4M Financing Round

2023-08-15
ALBUQUERQUE, NM, BioFlyte has raised $5.4 million in new financing.
BioFlyte, a biothreat detection firm with a revolutionary new class of fieldable biological threat collection, detection, and identification solutions, has raised $5.4M in new financing. The round was led by Scout Ventures and Cottonwood Technology Fund with additional funding from New Mexico Vintage Fund. BioFlyte will use this new funding to continue scaling its manufacturing and sales operations to meet customer demand and to develop new product configurations that will serve new markets.

BioFlyte is a bioaerosol surveillance company that is commercializing a revolutionary new class of fieldable biological contamination sampling, detection, and identification solutions. The firm's current market focus is critical infrastructure protection and mail screening in both the government and commercial sectors.
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