AxonDx

company

About

Circulating Tumor Cells (“CTCs”) in the bloodstream are a link between primary cancerous tumors and their secondary cancer sites.

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Details

Last Funding Type
Grant
Last Funding Money Raised
$224.42K
Industries
Biotechnology,Medical
Founded date
Oct 10, 2013
Number Of Employee
1 - 10
Operating Status
Active

Circulating Tumor Cells (“CTCs”) in the bloodstream are a link between primary cancerous tumors and their secondary cancer sites (metastases/recurrences). They are thought to be the earliest sign of solid tumors, and they can be detected in a simple blood sample. CTCs reflect the current state of all cancer sites and offer a thorough prognostic insight into a patient’s cancer. The capture and characterization of CTCs from blood promises to guide the use of highly targeted therapies – i.e., “personalized” medical treatment – and to enable much earlier detection of primary cancer.

Current CTC equipment is slow, expensive, offered as an outsourced service, and is not sufficiently sensitive to provide useful data. Only one CTC instrument is currently FDA approved, and it suffers limited use and a poor reputation because it takes over 4 hours, misses entire classes of CTCs, and does limited cellular characterization.

AxonDx’s nCYTE™ technology scans un-enriched blood samples in minutes, finds all classes of CTCs shed by solid tumors, and offers morphological and outsourced molecular characterization of positive cells. The nCYTE™ approach is fast, vastly more accurate, compact, easy to adopt, and cost effective enough to be offered at the point of care. Collectively, the nCYTE™ advances represent new era, game-changing improvements over all existing CTC detection technologies.

AxonDx sells nCYTE™ instruments and diagnostic kits designed for the instruments in a “razor and blade” business model.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$224.42K
AxonDx has raised a total of $224.42K in funding over 2 rounds. Their latest funding was raised on May 14, 2020 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 14, 2020 Grant $224.42K 1 National Science Foundation Detail

Investments

Number of Investments
Number of Lead Investments
1
1
AxonDx has made 1 investments. Their most recent investment was on Jul 8, 2022, when Meta World raised $30M.
Date Company Name
Round Money Raised Industry Lead Investor
Jul 8, 2022 Meta World
Angel $30M Blockchain Yes

Investors

Number of Lead Investors
Number of Investors
1
1
AxonDx is funded by 1 investors. National Science Foundation are the most recent investors.
Investor Name Lead Investor Funding Round
National Science Foundation Yes Grant