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AltraTech

Description

Developer of a viral DNA/RNA detection device designed for the point of care testing of infectious viral diseases. The company's battery-operated 1-hour DNA/RNA test kit uses advanced NA enrichment and semiconductor techniques to achieve the sensitivity and specificity of PCR methods, in a small portable size and cost format, enabling nurses, clinicians, cancer specialists, veterinarians, consumers, retailers and regulators to achieve rapid diagnosis and decision-making, on-site and in-clinic by eliminating the delays of waiting for lab RT-PCR results.

2013

Founded

PRIVATE

Status

11-50

Employees

Early Stage VC

Latest Deal Type

$2.43M

Latest Deal Amount

$11.8M

Total Amount Raised

Description

Developer of a viral DNA/RNA detection device designed for the point of care testing of infectious viral diseases. The company's battery-operated 1-hour DNA/RNA test kit uses advanced NA enrichment and semiconductor techniques to achieve the sensitivity and specificity of PCR methods, in a small portable size and cost format, enabling nurses, clinicians, cancer specialists, veterinarians, consumers, retailers and regulators to achieve rapid diagnosis and decision-making, on-site and in-clinic by eliminating the delays of waiting for lab RT-PCR results.

Website:

www.altratech.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Diagnostic Equipment

Primary Office

4 Michael Street Limerick & UL Nexus Innovation Centre Limerick Ireland
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    AltraTech Valuation and Funding

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    Deal TypeDateAmountRaised to DatePost-ValStatusStage

    AltraTech Investors (5)

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    Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
    Seat
    Contact
    Info
    Enterprise IrelandVenture CapitalMinority000 0000000 0000
    European CommissionGovernment000 0000000 0000
    Infinity Capital (investor)Venture CapitalMinority000 0000000 0000
    Irish Venture Capital AssociationVenture CapitalMinority000 0000000 0000
    Kernel Capital (Ireland)Venture CapitalMinority000 0000000 0000
    Enterprise Ireland Venture Capital
    European Commission Government
    Infinity Capital (investor) Venture Capital
    Irish Venture Capital Association Venture Capital
    Kernel Capital (Ireland) Venture Capital

    AltraTech Executive Team (7)

    NameTitleBoard
    Seat
    Contact
    Info
    Tim CumminsCo-Founder, Chief Technology Officer & Board Member
    Brian O'Farrell Ph.DCo-Founder, Chief Scientific Officer & Board Member
    Ron OpsteltenDirector, Business Development
    John O'BrienVice President, Sales
    Bill HenebryChairman
    Tim Cummins Co-Founder, Chief Technology Officer & Board Member
    Brian O'Farrell Ph.D Co-Founder, Chief Scientific Officer & Board Member
    Ron Opstelten Director, Business Development
    John O'Brien Vice President, Sales
    Bill Henebry Chairman

    AltraTech Board Members (6)

    NameRepresentingRoleSinceContact
    Info
    Bill HenebryAltraTechChairman000 0000
    Brian O'Farrell Ph.DAltraTechCo-Founder, Chief Scientific Officer & Board Member000 0000
    Cyril McGuireSelfBoard Member000 0000
    Niall OldenKernel Capital (Ireland)Managing Partner000 0000
    Tara Dalton Ph.DSelfChief Executive Officer & Board Member000 0000
    Bill Henebry Chairman AltraTech
    Brian O'Farrell Ph.D Co-Founder, Chief Scientific Officer & Board Member AltraTech
    Cyril McGuire Board Member Self
    Niall Olden Managing Partner Kernel Capital (Ireland)
    Tara Dalton Ph.D Chief Executive Officer & Board Member Self
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