# Ondax

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ondax

- Industry: Electronics
- Headquarters: Monrovia, US
- Website: www.ondaxinc.com
- Total disclosed funding: $16M
- Latest round: Series E (Dec 27, 2010)
- Investors on record: 12

## About

Ondax, Inc. specializes in advanced Raman spectroscopy technologies that enhance material analysis and identification. Their integrated systems are pivotal for applications in pharmaceuticals, materials science, and forensic analysis.Founded in 2000 in Monrovia, US, Ondax, Inc. develops advanced Raman spectroscopy systems. The company has not undergone notable pivots or structural changes since its inception. In December 2010, Ondax raised USD 1.59 mn in Series E financing led by Arcturus Capital and Prospector Equity Capital, totaling USD 1.59 mn raised to date. The current company valuation stands at USD 9.747 mn.Ondax, Inc. offers integrated spectroscopy systems that focus on Raman spectroscopy technologies for in-depth material identification and characterization. Their products include systems for THz-Raman measurements, which provide unique structural information in the low-frequency region of Raman spectroscopy (< 200 cm-1). These systems cover the entire Raman spectrum, facilitating polymorphic identification and crystallinity quantification across materials like pharmaceuticals and polymers, serving diverse sectors in North America, Europe, and Asia.The company employs a B2B model, directly selling spectroscopic systems and software to commercial clients and research institutions. Revenue comes from sales agreements, modular upgrades, maintenance contracts, and consultancy services, focusing on long-term partnerships for tailored research and industrial applications.Ondax, Inc. aims to leverage the recent Series E funding of USD 1.59 mn raised in December 2010 to enhance product development and market expansion. The company is focused on launching new integrated spectroscopic systems designed for specific applications within pharmaceuticals and materials science. Plans are also in place to target expansion into European and Asian markets by 2025, fostering growth through strategic partnerships and innovations in their technology.

## Funding rounds

- Series E, Dec 27, 2010, $1.6M — Arcturus Capital, Prospector Equity Capital, Pasadena Angels, Tech Coast Angels
- Series E, Sep 3, 2010, $0.7M — Arcturus Capital, Corning Innovation Ventures
- Series D, May 2, 2008, $2M — Arcturus Capital, Gabriel Venture Partners, Prospector Equity Capital, Corning Innovation Ventures, Caltech
- Series C, Jan 5, 2005, $2.2M — Arcturus Capital, Bank of New York Mellon Private Equity, Prospector Equity Capital, Corning Innovation Ventures, Caltech, Alcatel Ventures
- Series B, Apr 20, 2004, $0.8M — Gabriel Venture Partners, Navigation Capital Partners, Corning Innovation Ventures, Alcatel Ventures
- Series B, Jun 24, 2003, $1.3M — Alcatel-Lucent Ventures, Bank of New York Mellon Private Equity, Gabriel Venture Partners, Navigation Capital Partners, Corning Innovation Ventures
- Series A, Dec 28, 2000, $7.5M — Alcatel-Lucent Ventures, Bank of New York Mellon Private Equity, Gabriel Venture Partners, Corning Innovation Ventures, AM Venture Partners

## Investors

- Alcatel-Lucent Ventures (https://capitalatlas.ai/funds/alcatel-lucent-ventures) — Series A, Series B
- Bank of New York Mellon Private Equity (https://capitalatlas.ai/funds/bank-of-new-york-mellon-private-equity) — Series A, Series B, Series C
- Gabriel Venture Partners (https://capitalatlas.ai/funds/gabriel-venture-partners) — Series A, Series B, Series D
- Corning Innovation Ventures (https://capitalatlas.ai/funds/corning-innovation-ventures) — Series A, Series B, Series C, Series D, Series E
- AM Venture Partners (https://capitalatlas.ai/funds/am-venture-partners) — Series A
- Navigation Capital Partners (https://capitalatlas.ai/funds/navigation-capital-partners) — Series B
- Alcatel Ventures (https://capitalatlas.ai/funds/alcatel-ventures) — Series B, Series C
- Arcturus Capital (https://capitalatlas.ai/funds/arcturus-capital) — Series C, Series D, Series E
- Prospector Equity Capital (https://capitalatlas.ai/funds/prospector-equity-capital) — Series C, Series D, Series E
- Caltech (https://capitalatlas.ai/funds/caltech) — Series C, Series D
- Pasadena Angels (https://capitalatlas.ai/funds/pasadena-angels) — Series E
- Tech Coast Angels — Series E