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Venture Capital News: NOWDiagnostics Scores $22.5M Series B

2024-07-10
SPRINGDALE, AR, NOWDiagnostics, a developer of over-the-counter (OTC) and point-of-care (POC) diagnostic tests, has raised $22.5 million in Series B financing.
Led by DigitalDx Ventures, with notable investors including the Labcorp Venture Fund and Kompass Kapital Management, this oversubscribed funding round will be used to drive the commercialization of at-home diagnostic tests, continue developing new diagnostic innovations, expand the pipeline of tests, and support strategic hiring initiatives.

NOWDx develops and manufactures over-the-counter (OTC) and point-of-care (POC) diagnostic tests. Its patented approach enables virtually any immunological assay to be accurately performed onsite in one step using a small amount of capillary blood, yielding results in minutes. With over 75 patents issued and pending, NOWDx's First To Know® and ADEXUSDx® product lines are available in markets worldwide. Founded in 2013, with headquarters and manufacturing in Springdale, Arkansas, NOWDx envisions a world where people have greater access to in-home testing with results in minutes. The company is committed to changing healthcare by providing accessible, affordable, and accurate testing for all.
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