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BioCaptiva secures £1.6m to accelerate blood sample technology and expand product offering.

The funding round was led by Archangels to support product development and market entry.

£1.6M

BioCaptiva is a medical technology company that develops blood sample preparation technology for cancer research and diagnostics.

BioCaptiva has secured £1.6m in a new funding round led by Archangels. The capital will be used to accelerate the development of the company blood sample preparation technology and expand its product offering.

Additional backing for the round came from Old College Capital, BBI, Scottish Enterprise, and EverQuest Capital Partners. The investment coincides with the launch of the company first research kits in Boston as it enters the US market.

The firm has also strengthened its leadership team with the appointment of Alan Schafer as chief technology officer. Schafer brings extensive industry experience from previous senior roles across the biotechnology sector.


From the founder

"Oncology is an exciting and vibrant sector. The scientists and technologists have been doing incredible things based upon the samples that they’re given, but there hasn’t been any particular movement in how the samples are prepared for years. Our msX platform has the potential to revolutionise how samples are collected, allowing for larger samples, faster extraction, simpler processing, and fully automatable capabilities."
JW

Jeremy Wheeler

CEO at BioCaptiva


Investor perspective

"BIOCAPTIVA is at an inflexion point in its growth trajectory with the launch of its newmsX beads. The market potential for the technology is remarkable, and with the products, the senior leadership and the research and development capability within the business, we’re confident about the future success of the BIOCAPTIVA."
Sarah Hardy

Sarah Hardy

Director and Head of New Investment, Archangels


Use of funds

  1. 01Continue product development
  2. 02Expand into international markets

Investors

Sarah Hardy

Sarah Hardy

Archangels

Old College Capital

Old College Capital

B

BBI

Scottish Enterprise

Derek Shaw

Scottish Enterprise

EC

EverQuest Capital Partners


About the company

B

BioCaptiva

BioCaptiva develops magnetic bead technology to simplify blood sample preparation for liquid biopsies.

Edinburgh, UK Founded 2018
£1.6MRaised