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Xagenic was a molecular diagnostics company based in Toronto, Canada. The company was developing a fully automated platform designed to deliver lab-quality results in 20 minutes, enabling rapid, on-demand testing at the point of care. Their proprietary technology utilized nanostructured microelectrodes for direct detection of nucleic acids without the need for sample extraction or enzymes.

Specialty

Diagnostics

Fund name

CTI LSF I

Position

Co-Lead

Board

Director

Investment Date

January 24, 2012

Exit Detail

Liquidated in 2018

Initial Series Round

Series A

Investment Thesis

Xagenics had the potential to decentralize molecular diagnostics, enabling clinicians to make immediate treatment decisions during patient consultations

Related News

July 14, 2014

Xagenic Announces Second Closing of $25.5M Series B Financing

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April 19, 2016

Xagenic readies X1 molecular diagnostic beta trials

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November 10, 2016

Toronto’s Xagenic Inc. completes successful beta testing of X1 diagnostic system

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