Tech Company Financing Transactions

Cernostics Funding Round

Cernostics, operating out of Pittsburgh, raised $2.5 million from Illumina Ventures, Ben Franklin Technology Partners and Geisinger Health System.

Transaction Overview

Company Name
Cernostics
Announced On
3/22/2018
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Series A
Investors

Illumina Ventures (Lead Investor) (Thomas Willis)

Ben Franklin Technology Partners

Geisinger Health System

Novitas Capital (Paul Schmitt)

Pittsburgh Life Sciences Greenhouse (Lansing Taylor)

UPMC Health Plan

Proceeds Purpose
With this capital investment, Cernostics will be able to intensify its clinical and market development studies for the company's TissueCypher Barrett's Esophagus Assay -- the first test of its kind to predict risk of development of esophageal cancer in patients with Barrett's esophagus.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
235 William Pitt Way Building B1
Pittsburgh, PA 15238
USA
Phone
Undisclosed
Website
www.cernostics.com
Email Address
[email protected]
Overview
Cernostics is a diagnostics company focused on delivering better cancer diagnosis and prognosis through a unique approach to tissue analysis.
Profile
Cernostics LinkedIn Company Profile
Social Media
Cernostics Company Twitter Account
Company News
Cernostics News
Facebook
Cernostics on Facebook
YouTube
Cernostics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mike Hoerres
  Mike Hoerres LinkedIn Profile  Mike Hoerres Twitter Account  Mike Hoerres News  Mike Hoerres on Facebook
Chief Scientific Officer
Rebecca Critchley-Thorne
  Rebecca Critchley-Thorne LinkedIn Profile  Rebecca Critchley-Thorne Twitter Account  Rebecca Critchley-Thorne News  Rebecca Critchley-Thorne on Facebook
VP - Marketing
Lisa Bichsel
  Lisa Bichsel LinkedIn Profile  Lisa Bichsel Twitter Account  Lisa Bichsel News  Lisa Bichsel on Facebook

 

 

Browse more venture capital transactions:

Prev: 3/21/2018: Eden Health venture capital transaction
Next: 3/22/2018: eToro venture capital transaction

 

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