# PetDx

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

- Industry: Healthcare Specialists
- Headquarters: La Jolla, US
- Website: www.petdx.com
- Total disclosed funding: $55M
- Latest round: Series B (Aug 20, 2021)
- Investors on record: 9

## About

Founded in 2019 and based in California, US, PetDx, Inc. operates as a molecular diagnostics company that offers early cancer detection services for dogs. The company was founded by its CEO Daniel Grosu. In December 2021, PetDx, Inc. raised USD 62 million in series B funding led by new investor Longview Asset Management, with participation from other new investors Aperture Venture Partners, and Declaration Partners. As of 2021, the company has a laboratory at the University of California San Diego's Science Research Park's Center for Novel Therapeutics, and its services are available in veterinary clinics across the United States.

PetDx offers OncoK9®, a multi-cancer early detection test that employs liquid biopsy technology and genomic analysis to help veterinarians detect cancers in dogs with a simple blood draw. OncoK9® works by allowing veterinarians to submit a blood sample of a dog to the company's laboratory, where a centrifuge is used to separate and extract cell-free DNA from the blood plasma. The laboratory then uses next-generation sequencing (NGS) technology and proprietary bioinformatics algorithms to find cancer-related genetic changes in the cells and transmits the results to the veterinarian.

PetDx plans to use the December funding to broaden the adoption of OncoK9 directly through its own commercial platform as well as through strategic distribution partnerships and to expand testing throughput at its central laboratory in San Diego.

## Funding rounds

- Series B, Aug 20, 2021, $46M — Valor Equity Partners, Aperture Venture Partners, Longview Asset Management, LabCorp Ventures, Friedman Bioventures, K4 Ventures, Declaration Partners
- Series A, Jul 31, 2020, $9.2M — Tech Coast Angels, Friedman Bioventures, PetCo Gmbh

## Investors

- Tech Coast Angels — Series A
- Friedman Bioventures (https://capitalatlas.ai/funds/friedman-bioventures) — Series A, Series B
- PetCo Gmbh — Series A
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- Aperture Venture Partners (https://capitalatlas.ai/funds/aperture-venture-partners) — Series B
- Longview Asset Management — Series B
- LabCorp Ventures (https://capitalatlas.ai/funds/labcorp-ventures) — Series B
- K4 Ventures (https://capitalatlas.ai/funds/k4-ventures) — Series B
- Declaration Partners (https://capitalatlas.ai/funds/declaration-partners) — Series B