PinkDx Raises $40M in Series A Funding led by Catalio Capital Management, LP and The Production Board
Apr 25, 2024•over 1 year ago
Amount Raised
$40 Million
Round Type
series a
Investors
Mayo ClinicByers CapitalMountain Group PartnersThe Production BoardCatalio Capital Management, Lp
Description
PinkDx, Inc., a Daly City, CA-based company, raised $40m in Series A financing. The round was co-led by Catalio Capital Management, LP, and The Production Board, with other investors including Mountain Group Partners, Byers Capital, and Mayo Clinic. The company will use the funds to test development, focusing initially on gynecological cancers.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech