Oxford-based Osler Diagnostics, a medical diagnostic company, announced on Monday, November 7, that it has raised $85M (approximately €84.98M) in a Series C round of funding.
The investment came from a strategic investor M&G Investments and existing investors, including Oxford Science Enterprises, Braavos Investment Advisers and Lansdowne Partners.
Brief about Osler Diagnostics
Founded in 2017 by Connor Campbell, Jason Davis and Paulo R. Bueno, Osler is built upon the philosophy of Sir William Osler, the science from decades of Oxford University research, and the collective effort of the Osler team. It is a diagnostics company whose purpose is to enable anyone, anywhere, to access, understand, and act on their health, in order to live a better life.
The company was formed out of the University of Oxford, following decades of research from the same department that invented the portable electrochemical blood glucose sensor. Currently, the company employs more than 100 staff and is backed by leading investors.
What is Osler Origin?
Osler has developed the Osler Origin, a “portable lab”. The portable diagnostic tool can carry out a variety of tests with great performance, quickly, affordably, and simply.
According to the company, it provides a significant improvement over currently available portable diagnostics, which are not widely used because of their constrained test menu and performance. The Osler Origin has the ability to offer a broad range of high-performance diagnostic tests in all significant healthcare settings worldwide.
Capital utilisation
Osler says it will use the proceeds to help support the advancement of its “breakthrough” Osler Origin product through regulatory activities and towards market launch.
Co-founder Connor Campbell says, “The Osler Origin platform has the potential to transform healthcare by enabling anyone, anywhere, to access, understand, and act on their healthcare information. This new investment allows us to advance the Osler Origin towards the market, and to realise our vision.”
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