Startup · $3.6m raised
Sydney, NSW
Every investor coverage indicates participated in a round Atomo Diagnostics raised.
| Investor | Rounds | Invested |
|---|---|---|
| Gates Foundation | Grant | $3,600,000 |
The transaction that ended Atomo Diagnostics's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 16 Apr 2020 | $112m | Techboard, Startup Daily (Thu 16 Apr 2020), Startup Daily (Fri 3 Apr 2020) |
Companies Atomo Diagnostics acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| John Keith | Chairman | Startup Daily |
| John Kelly | CEO · Founder | @AuManufacturing, Startup Daily (Thu 16 Apr 2020), Startup Daily (Fri 3 Apr 2020) |
Stories naming Atomo Diagnostics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Manufacturing news roundup: GreenHY2 and Atomo Diagnostics receive government grants, Seaport Therapeutics closes a US$225m Series B, Orthocell secures $17m, Genevo Marine opens a crowdfunding offer, and the ACCC clears Accolade's wine acquisition.
Federal grants roundup: 21 Cooperative Research Centres Projects awards worth $51 million in Round 15, with EQ Plastics, Optiscan Imaging and NEXSEN BioTech each receiving $3 million for product development.
Also RenewEconomy
News roundup covering Atomo Diagnostics' committed share placement, Tivan's port agreement, KBR's reconciliation plan, Elexon's innovation award, ReNu Energy's hydrogen refuelling brand and EQ Resources' new ore sorter.
A manufacturing roundup covering Hazer's R&D tax refund, Atomo's South African test supply deal, Acrow's asset purchase, PureFoods' product revenue, a solar farm completion, BlueScope's accelerator applications, and a drone modem launch.
Perennial's second pre-IPO fund has reached its full $125 million target and will soon deploy into healthcare, e-commerce and technology investments; its first trust backed Aroa Biosurgery, 4DMedical and Atomo Diagnostics, each now listed.
Techboard's periodic funding analysis reports record Australian startup funding in March and April 2020, driven by large neobank raises, while declining deal counts suggest an emerging Covid-19 downturn.
Atomo Diagnostics' oversubscribed $30 million IPO closed early ahead of its ASX listing, and the Sydney diagnostics firm signed a supply deal with NG Biotech for millions of COVID-19 rapid tests.
Also Startup Daily·Techboard
NSW Government's 2016 Medical Devices Fund awarded $8.6 million to four medtech companies, Elastagen getting $4 million; earlier winners Saluda Medical and Atomo Diagnostics also feature, the latter having lately drawn Gates Foundation money.