BioDirection®, Inc. Closes $18 Million Series C Financing Led by Shepherd Kaplan Krochuk, LLC
07/01/20, 1:11 PM
Location
bostonMoney raised
$18 million
Round Type
series c
BioDirection®, Inc. d/b/a NanoDiagnosticsTM, Inc. (NanoDxTM), a privately held medical device company developing cutting-edge and rapid point-of-care in-vitro diagnostic products for the objective detection, diagnosis and management of Traumatic Brain Injury (TBI), virus detection and inflammatory disease today announced that it has closed an $18 million Series C Convertible Preferred Stock Financing. The financing was led by the Alternative Investment division of Shepherd Kaplan Krochuk, LLC (SKK), a diversified Wealth and Asset Management firm located in Boston, Massachusetts.
Company Info
Location
boston, massachusetts, united states
Additional Info
BioDirection® is a privately held medical device company developing cutting-edge and rapid point-of-care products for the objective diagnosis and management of concussion and other traumatic brain injury (TBI). The company's lead product, the NanoDxTM System, delivers biologically based results shown to accurately confirm a concussion in less than 2 minutes. BioDirection's platform utilizes a patented nano biosensor technology with the potential for use in a wide range of applications in point-of-care diagnostics.