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A portable-blood-test startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
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Chronus Health
Portable handheld device that provides blood test (CBC and CMP) results in minutes, not days.
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Chronus Health's portable device allows for real-time diagnosis at the point-of-care providing lab results in minutes, dramatically improving time to care and patient outcomes.
Our initial launch for Complete Blood Count (CBC) and Complete Metabolic Panel (CMP) accounts for 50% of all blood tests performed in United States representing a market size of $11 Billion
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What's Innovative About Their Solution?
• We are automating the post-blood collection process flow that currently takes days to minutes. Our technology does not require optics (for measurements), reagent bottles (for storage), and pumps (for moving liquids). The entire analysis happens on a disposable test strip where sample preparation, fluid movement, and sensors are embedded.
• Using proprietary microfluidics and lab-on-chip technology, Chronus Health platform not only delivers results faster, it in fact yields a profit for the clinic with every test strip used.
• We are not selling blood analyzers. Our business model is razor-razorblade. We will sell the device a low cost ($400), and obtain recurring revenue from test strips ($5 per test strip). Insurance reimbursement codes already exists.
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📍 Location
San Francisco, CA
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⚙️ Product Stage
Functional Prototype
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🏭 Industries
Health and Wellness, Medical Devices, Hospital Services
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
$500k-$1.5MM
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Big Wins
• 4 LOIs worth $780k of initial revenue upon launch. The LOIs include a leading healthcare system that services 2 Million people
• Partnerships with leading universities (UCSF, UC Davis) to perform clinical studies
• Majority of the investors in Chronus Health are medical professionals (emergency room doctors, spine surgeons, etc.)
• Significant interest from leading corporations and distribution partners (names to be disclosed in-person)
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Contact the Founder:
Anand Parikh
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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