# T2 Biosystems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/t2-biosystems

- Industry: Biotechnology
- Headquarters: Lexington, US
- Website: www.t2biosystems.com
- Total disclosed funding: $94M
- Latest round: Series E (Mar 22, 2013)
- Investors on record: 12

## About

T2 Biosystems, Inc. is an in vitro diagnostics firm specializing in innovative diagnostic tools that target critical healthcare challenges, particularly focusing on rapid detection of bloodstream infections.Founded in 2006, T2 Biosystems, Inc. is based in Lexington, US. The company has pivoted to focus on advanced diagnostics for pathogen detection. Lee Josephson, the founder, has previously founded other companies, contributing to the establishment of the firm. T2 Biosystems has successfully completed 7 deals and raised a total of USD 12.00 mn, culminating in an IPO as its latest funding round.T2 Biosystems, Inc. develops and commercializes advanced diagnostic systems aimed at detecting a wide range of pathogens, focusing on bloodstream infections. The proprietary technology offers rapid and precise results, assisting healthcare providers in making timely treatment decisions. The primary customers are hospitals and laboratories across North America, Europe, and parts of Asia, addressing urgent needs in patient care.In the most recent financial year of 2023, T2 Biosystems reported a revenue of USD 7.19 mn, with an EBITDA of USD -48.81 mn.T2 Biosystems plans to leverage recent funding from major investors, including Flybridge Capital Partners, Physic Ventures, and Goldman Sachs Asset Management, to support the development of new diagnostic products aimed at enhancing pathogen detection capabilities. The company is targeting expansion into additional markets in Europe and Asia by the end of 2024, with a focus on establishing partnerships with healthcare institutions to facilitate the adoption of its innovative technologies.

## Funding rounds

- Series E, Mar 22, 2013, $40M — Flagship Pioneering, Polaris Partners, Physic Ventures, Aisling Capital, Arcus Ventures, Flybridge Capital Partners, Goldman Sachs Asset Management, Camros Capital, Mass General Brigham Ventures, WS Investments
- Series D, Aug 3, 2011, $23M — Flagship Pioneering, Polaris Partners, Physic Ventures, Aisling Capital, Arcus Ventures, Flybridge Capital Partners, Camros Capital, Mass General Brigham Ventures, WS Investments, RA Capital Management
- Series C, May 13, 2010, $15M — Flagship Pioneering, Polaris Partners, Physic Ventures, Arcus Ventures, Flybridge Capital Partners, Camros Capital, Mass General Brigham Ventures, WS Investments, RA Capital Management
- Series B, Oct 17, 2008, $11M — Flagship Pioneering, Polaris Partners, Flybridge Capital Partners, In-Q-Tel, Mass General Brigham Ventures
- Series A, Jan 1, 2006, $5.5M — Flagship Pioneering, Polaris Partners, Flybridge Capital Partners

## Investors

- Flagship Pioneering (https://capitalatlas.ai/funds/flagship-pioneering) — Series A, Series B, Series C, Series D, Series E
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A, Series B, Series C, Series D, Series E
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series A, Series B, Series C, Series D, Series E
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- Mass General Brigham Ventures (https://capitalatlas.ai/funds/mass-general-brigham-ventures) — Series B, Series C, Series D, Series E
- Physic Ventures (https://capitalatlas.ai/funds/physic-ventures) — Series C, Series D, Series E
- Arcus Ventures (https://capitalatlas.ai/funds/arcus-ventures) — Series C, Series D, Series E
- Camros Capital — Series C, Series D, Series E
- WS Investments (https://capitalatlas.ai/funds/ws-investments) — Series C, Series D, Series E
- RA Capital Management (https://capitalatlas.ai/funds/ra-capital-management) — Series C, Series D
- Aisling Capital (https://capitalatlas.ai/funds/aisling-capital) — Series D, Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E