DeepUll is once again raising capital. The Spanish company specializing in diagnostic solutions has closed a €13 million financing round in order to move forward with its sepsis early detection platform, company sources said.
The financing round has been led by new investors Innvierte, which is part of the Ministry of Science and Innovation, and another investor whose name has not been disclosed. The round has also counted with the participation of current partners Kurma Partners, Alta Life Sciences, UI Investissement, and Axis Participaciones Empresariales.
The company, based at the Barcelona Science Park (PCB), will use this capital injection to accelerate the market launch of its first-in-class platform for the early diagnosis of sepsis.
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DeepUII has raised more than €15 million in private funding since its inception
DeepUll was born in 2020 to create fast, affordable, and accessible diagnostic solutions with a specific focus on culture-free diagnostics to be able to detect sepsis even before the onset of symptoms.
The Catalan company was born out of the hands of Jordi Carrera and Rafel Bru, who had previously founded Stat-Dx, which they sold in 2018 to Qiagen for $191 million (€154 million). Stat-DX developed a diagnostic test capable of processing any type of sample without prior preparation and facilitating the result of up to 48 molecular targets simultaneously.
DeepUll’s sepsis product is designed to detect more than 250 different pathogens and fifteen resistance genes in one hour from 10 milliliters of blood. The product will generate phenotypic antimicrobial susceptibility results, without the need for positive blood culture.
The product will be a fully automated device so that it can be placed in any clinical setting, such as a laboratory, emergency, or intensive care unit (ICU).
DeepUll’s sepsis product is designed to detect more than 250 pathogens
This is not the first round of funding DeepUII has closed. In July 2020, the company raised its first round of €3.5 million with the support of Alta Life Sciences, Kurma Partners, and Sofimac Innovation, through its Pertinence Invest 2 fund. With that capital injection, the company could cover the financial needs to validate the technology and start the development of the first equipment.
Sepsis causes around eleven million deaths annually, surpassing as of 2018 the estimate of 9.6 million deaths caused by cancer. Sepsis occurs when the body’s immune system response to infection becomes dysregulated. This can cause a cascade of changes that damage multiple organs, leading them to fail, sometimes even resulting in death.
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