Munich, Germany, August 5, 2019 – GNA Biosolutions GmbH, a molecular diagnostics company based in Germany, announced today that it has completed a $13.5M round of financing.
The Series C financing round was joined by new investors including GreyBird Ventures, Occident, and Wachtumsfonds Bayern, and existing investors SHS Gesellschaft für Beteiligungsmanagement, Robert Bosch Venture Capital, UVC Partners, Mey Capital Matrix, KfW, and btov Partners. Proceeds from the financing will be used to advance development and secure IVD-CE marking of GNA’s first Point of Care molecular diagnostic platform.
GNA Biosolutions has pioneered a next generation nucleic acid amplification technology (Pulse Controlled Amplification – PCA) in the field of molecular diagnostics. The company’s PCA platform amplifies nucleic acids captured directly from complex samples such as whole blood, sputum, and nasal swabs within minutes, without the need for additional sample preparation and with minimal hands-on time.