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- NuProbe
NuProbe Funding, Investors & Competitors
NuProbe has raised $103M across 3 funding rounds, most recently a $50M Series B in June 2022.
Last NuProbe funding round
$50M
Series B · Jun 2022
Cumulative funding NuProbe raised
$103M
across 3 funding rounds
Key investors in NuProbe
HSG
Yonghua Capital
BioTrack Capital
Pan-Lin Capital
Serica Partners
Wuxi AppTec
Pappas Capital
CR-CP Life Science Fund
About NuProbe
NuProbe is a Houston-headquartered genomics company offering molecular diagnostics platforms like the SuperARMS technology for detecting low-frequency mutations. Its assays support precision oncology, infectious disease testing, and genetic screening in clinical and research settings across China and globally.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
NuProbe Funding History
NuProbe has raised a total of $103M across 3 funding rounds.
NuProbe's first fundraising round was a $11M Series A in April 2018. The most recent completed round was a $50M Series B in June 2022.
NuProbe funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Series B | CICC Healthcare Investment Fund (lead); CR-CP Life Science Fund (lead); Pan-Lin Capital (lead); Deguan Capital; Pappas Capital; Haoreng Capital; BioTrack Capital; Yonghua Capital; HSG | $50M | NuProbe Global, a genomics and molecular diagnostics company based in Houston, TX, closed a $50M Series B funding round on June 2, 2022, co-led by CICC Healthcare Investment Fund (also referred to as AstraZeneca-CICC Fund), CR-CP Life Science Fund, and Pan-Lin Capital. Existing investors including Sequoia Capital China, BioTrack Capital, and Yonghua Capital participated alongside new investors Pappas Capital, Haoreng Capital, and Deguan Capital. CEC Capital acted as the financial advisor for the round. The funds are designated to expand commercial operations, accelerate in vitro diagnostic (IVD) product clinical studies and regulatory submissions, and develop new genomics and molecular diagnostics technologies. NuProbe specializes in technologies like BDA and QASeq for liquid biopsy, enabling affordable and accurate next-generation sequencing (NGS) results, particularly for cancer patients in therapy decision-making and response monitoring. The company has established leadership in genetic testing for infertility and is expanding into tumor-related products. Investors highlighted NuProbe's veteran leadership in converting innovative technology into products with revenue generation, supported by disciplined clinical studies and regulatory efforts. This round follows a prior $11M Series A in 2018 led by Sequoia China and Serica Partners, bringing total funding to $103M across three rounds as of June 2022. |
| Jan 2021 | Series B | BioTrack Capital (lead); Yonghua Capital (lead); Ruomu Capital; Taifu Capital; Serica Partners; Tuobang Capital; Ming Bioventures; Pan-Lin Capital; HSG | $42M | NuProbe is a genomics and molecular diagnostics company based in Houston and Shanghai, specializing in ultrasensitive sequencing panels using next-generation sequencing (NGS) technologies to detect mutations and copy number variations with over 10-fold improved sensitivity. The company focuses on precision oncology, reproductive health, and non-invasive liquid biopsies to enable affordable, timely, and accurate disease state information for precision medicine. In January 2021, NuProbe closed an oversubscribed $42M fundraising round co-led by BioTrack Capital and Yonghua Capital, with participation from Taifu Capital, Panlin Capital (also referred to as Pan-Lin Capital), Juming Capital, Tuobang Capital, and existing investors including Sequoia Capital China, Ruomu Capital, and Serica Partners. BMD China acted as financial advisor. The proceeds were allocated to expand the commercial team in the US and China, develop new NGS products, and pursue regulatory approval in China for clinical products. Investors highlighted NuProbe's unique NGS technologies and management's commercial execution as positioning it to lead in precision oncology and reproductive health amid rising demand for liquid biopsies. Founding partner Kevin Chen of BioTrack Capital and partner Wen Chen of Yonghua Capital emphasized the technology's potential for broad accessibility in research and clinical applications across China, the US, and globally. NuProbe continued growth with a subsequent $50M Series B in June 2022 co-led by AstraZeneca-CICC Fund, CR-CP Life Science Fund, and Panlin Capital, involving some overlapping investors like BioTrack, Yonghua, and Tuobang, plus new ones including HongShan (HSG), Pappas Capital, and others, to further R&D, product development, commercial expansion, and clinical registrations. By 2021, NuProbe had obtained a class III medical device business license in China and established an R&D center and production base in Suzhou, partnering with firms like BioNano and G2i Genomics. |
| Apr 2018 | Series A | HSG (lead); Serica Partners (lead); Wuxi AppTec | $11M | NuProbe, a molecular diagnostics startup based in Cambridge, Massachusetts, raised $11 million in its Series A funding round on April 23, 2018. The round was co-led by Sequoia China and Serica Partners, with participation from WuXi AppTec Corporate Ventures. The funds supported staff growth in Cambridge and China offices, technology development, clinical trials, and commercialization. NuProbe develops ultra-sensitive, non-invasive blood tests for early detection of cancer and infectious diseases. Its technology enhances qPCR and NGS mutation detection sensitivity by 10-100 fold, achieving a limit of detection of 0.01 percent, and supports multiplexing of 10-100 reactions to detect hundreds of mutations simultaneously. The platform enables highly sensitive capture of disease signatures with a simple, clinically compatible workflow. Victor Shi, Ph.D., NuProbe's co-founder and CEO and Managing Partner of Serica Partners, highlighted the technology's validation and path to commercialization. Neil Shen, Founding and Managing Partner of Sequoia Capital China, emphasized the technology's potential in molecular diagnostics and precision medicine. |
Who has invested in NuProbe?
15 investors have backed NuProbe across its funding rounds, including HSG, Yonghua Capital, BioTrack Capital, Pan-Lin Capital, Serica Partners and Wuxi AppTec.
Lead investors include CICC Healthcare Investment Fund, CR-CP Life Science Fund, Pan-Lin Capital, BioTrack Capital, Yonghua Capital and 2 other investors.
NuProbe Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2018 | ||
| 2 | Lead | Apr 2018 | ||
| 2 | Lead | Jan 2021 | ||
| 2 | Lead | Jan 2021 | ||
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| -- | 1 | Participant | Jan 2021 | |
| 1 | Lead | Jun 2022 | ||
This data is available for Pro users. Sign up to see all 15 NuProbe investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNuProbe Competitors
NuProbe competitors include listed companies like Roche, Natera, Illumina and Guardant Health, and private ones like Institut Merieux and Color.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $77B | $26B | $351B | 4.9x | ||
| Publicly listed | $2.3B | ($266M) | $53B | 19.0x | ||
| Publicly listed | $4.3B | $1.4B | $37B | 8.4x | ||
| Publicly listed | $982M | ($408M) | $25B | 20.2x | ||
| Private | - | - | $8.5B | - | ||
| Private | - | - | $4.6B | - |
NuProbe Public Comps
NuProbe is still privately-owned, but its public comps include Roche, Natera, Illumina, Guardant Health, Twist Bioscience, 10x Genomics, BillionToOne, Wantai BioPharm, Celcuity and GRAIL.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77B | $26B | 5.0x | 4.9x | 14.6x | 12.4x | |||
| $2.3B | ($266M) | 22.5x | 19.0x | (195.0x) | (261.5x) | |||
| $4.3B | $1.4B | 8.8x | 8.4x | 27.1x | 30.0x | |||
| $982M | ($408M) | 25.7x | 20.2x | (61.8x) | (129.5x) | |||
| $377M | ($63M) | 27.2x | 22.6x | (161.4x) | (316.8x) | |||
| $643M | ($16M) | 14.9x | 15.2x | (591.7x) | (160.9x) | |||
| $305M | $12M | 15.8x | 11.7x | 401.1x | 75.4x | |||
| $271M | ($24M) | 15.5x | - | (174.0x) | - | |||
This data is available for Pro users. Sign up to see all NuProbe competitors and their valuation data. Start Free Trial | ||||||||
Common questions about NuProbe
| When was NuProbe founded? | NuProbe was founded in 2016. |
| Where is NuProbe headquartered? | NuProbe is headquartered in Boston, MA, United States. |
| Is NuProbe publicly listed? | No, NuProbe is a private, VC-backed company. |
| How much funding has NuProbe raised? | NuProbe has raised $103M across 3 funding rounds. |
| What was NuProbe's last funding round? | NuProbe's last funding round was a $50M Series B in June 2022, led by CICC Healthcare Investment Fund, CR-CP Life Science Fund and Pan-Lin Capital. |
| Who are NuProbe's investors? | NuProbe's investors include HSG, Serica Partners, Pan-Lin Capital, BioTrack Capital, Yonghua Capital, Ruomu Capital, Wuxi AppTec, CR-CP Life Science Fund, Taifu Capital, Deguan Capital and 5 others. |
| Which companies are comparable to NuProbe? | Companies comparable to NuProbe include Roche, Natera, Illumina, Guardant Health, Institut Merieux and Color. |
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