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Astute Medical raises $6.2 million in series A financing

Astute Medical has raised $6.25 million in an initial financing round led by De Novo Ventures.

The proceeds will primarily be used to fund R&D aimed at the identification and validation of protein biomarkers with the goal of finding high potential diagnostic candidates.

Christopher Hibberd, Astute Medical’s CEO, said: “This investment is an exciting event that lays the foundation for our R&D activities. We believe the participation of our lead investor De Novo Ventures demonstrates confidence in our ability to develop innovative diagnostic tests for use in acute hospital settings.”