MobiHealth News covers GKD Series A Raise and Other Digital Health News
Diagnostic startup raises $2M. Point-of-care diagnostic maker Group K Diagnostics has raised $2 million in Series A funding, the company announced yesterday. The new backing will mainly be used to expand the company’s lab infrastructure through new lab technician hires.
"The operations efficiencies our team has been able to achieve will ensure that every penny of this funding will be used in a meaningful, productive manner that helps to bring our technology closer to fruition," Group K Diagnostics CEO Joe Geromini said in a statement. "We believe the diagnostics tool we intend to bring to market will help to shift the healthcare system from a largely responsive care model to preventative — and we're grateful to the investors who are helping to make that a reality.”
The company’s primary product is the MultiDiagnostic, a platform that uses paper microfluidic technology that generates a visual result after contact with a liquid sample. Users can take a photo of this result and upload it to an app to receive their results.