Koru Diagnostics
Latest round
- Seed
Last raised
- Aug 2018
Total raised
- $0.9M
Investors
- 1
About Koru Diagnostics
Founded in 2016 and headquartered in Palmerston North, New Zealand, Koru Diagnostics Ltd develops diagnostic tools primarily for dairy farmers and veterinarians. The company has undergone no notable pivots in its business strategy. The CEO, Rhys McKinlay, has not been previously noted for founding other companies.Koru Diagnostics Ltd offers StaphGold, a specialized milk screening test that detects contagious subclinical Staphylococcus aureus mastitis in dairy herds. By utilizing existing milk samples from herd testing, StaphGold eliminates the need for additional sampling, thus aiding dairy farmers and veterinarians in managing herd health and treatment costs effectively.The company generates revenue through direct sales of the StaphGold milk screening test to dairy farmers and veterinarians, employing a B2B transaction structure. Farmers often place bulk orders, benefiting from economies of scale in pricing. There are no specific new product launches announced, but expansion efforts are aimed at increasing market penetration in Europe and Australia by 2025.
Who invested in Koru Diagnostics
1 investor across 1 round
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Funding rounds
Seed
Aug 3, 2018
Amount
$0.9M
Investors
Questions about Koru Diagnostics
Who invested in Koru Diagnostics?
Koru Diagnostics has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Koru Diagnostics raised?
Koru Diagnostics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Koru Diagnostics last raise money?
Koru Diagnostics's most recent round on record is a Seed, in Aug 2018.
What does Koru Diagnostics do?
Founded in 2016 and headquartered in Palmerston North, New Zealand, Koru Diagnostics Ltd develops diagnostic tools primarily for dairy farmers and veterinarians.
Where is Koru Diagnostics headquartered?
Koru Diagnostics is headquartered in Palmerston North, New Zealand.
Which VCs invest in companies like Koru Diagnostics?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back biotechnology companies at Koru Diagnostics's stage. Their profiles are linked below.
VCs backing biotechnology startups at Seed
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