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

NuProbe Overview

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

United StatesBoston, MA

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

NuProbe funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2022Series BCICC 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$50MNuProbe 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 2021Series BBioTrack Capital (lead); Yonghua Capital (lead); Ruomu Capital; Taifu Capital; Serica Partners; Tuobang Capital; Ming Bioventures; Pan-Lin Capital; HSG$42MNuProbe 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 2018Series AHSG (lead); Serica Partners (lead); Wuxi AppTec$11MNuProbe, 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

Investors in NuProbe by funding rounds participated
InvestorHQRoundsRoleFirst check
HSGHong KongHong Kong3LeadApr 2018
Serica PartnersChinaShanghai2LeadApr 2018
Pan-Lin CapitalChinaShanghai2LeadJan 2021
BioTrack CapitalChinaShanghai2LeadJan 2021
Yonghua CapitalChinaShanghai2LeadJan 2021
Ruomu CapitalChinaChina1ParticipantJan 2021
Wuxi AppTecChinaShanghai1ParticipantApr 2018
CR-CP Life Science FundHong KongHong Kong1LeadJun 2022
Taifu CapitalChinaShanghai1ParticipantJan 2021
Deguan CapitalChinaShanghai1ParticipantJun 2022
Pappas CapitalUnited StatesDurham, NC1ParticipantJun 2022
Tuobang Capital--1ParticipantJan 2021
CICC Healthcare Investment FundChinaBeijing1LeadJun 2022

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NuProbe Competitors

NuProbe competitors include listed companies like Roche, Natera, Illumina and Guardant Health, and private ones like Institut Merieux and Color.

Public and private companies comparable to NuProbe
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RocheSwitzerlandSwitzerlandPublicly listed$77B$26B$351B4.9x
NateraUnited StatesUnited StatesPublicly listed$2.3B($266M)$53B19.0x
IlluminaUnited StatesUnited StatesPublicly listed$4.3B$1.4B$37B8.4x
Guardant HealthUnited StatesUnited StatesPublicly listed$982M($408M)$25B20.2x
Institut MerieuxFranceLyonPrivate--$8.5B-
ColorUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roche$77B$26B5.0x4.9x14.6x12.4x
Natera$2.3B($266M)22.5x19.0x(195.0x)(261.5x)
Illumina$4.3B$1.4B8.8x8.4x27.1x30.0x
Guardant Health$982M($408M)25.7x20.2x(61.8x)(129.5x)
Twist Bioscience$377M($63M)27.2x22.6x(161.4x)(316.8x)
10x Genomics$643M($16M)14.9x15.2x(591.7x)(160.9x)
BillionToOne$305M$12M15.8x11.7x401.1x75.4x
Wantai BioPharm$271M($24M)15.5x-(174.0x)-

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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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