Amulet raised $6M in a Series A funding led by HealthX Ventures to scale its team and expand its detection portfolio.

Aug 12, 2024•about 1 year ago

Amount Raised

$6 Million

Round Type

series a

MadisonBiotechnology

Investors

Diede Van LamoenJulie BornsteinGreat Oaks Venture CapitalMendota Venture CapitalAller FundIncite VenturesHealth X Ventures

Description

Amulet, based in Madison, WI, has raised $6M in Series A funding. The funds will be used to scale its team, expand its detection portfolio, and execute a full product launch to serve its growing waitlist.

Company Information

Company

Amulet

Location

Madison, Wisconsin, United States

About

Amulet is a provider of portable sensor technology designed to identify allergens and environmental contaminants in food. The company aims to equip individuals and businesses with tools for rapid on-site molecular detection. Their notable products include Allergy Amulet™, a wearable device for testing food allergens, and Amulet Scientific™, which offers a commercial detection platform for various molecular targets. Led by CEO Abigail Barnes, Amulet is focused on scaling its team and expanding its detection portfolio.

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Funding Insights

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers