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Apex Trader Funding (ATF) - News

Foresight Diagnostics Expands Series B Financing to $73.75 Million to Advance the Foresight CLARITY™ MRD Platform

BOULDER, Colo., July 30, 2024 (GLOBE NEWSWIRE) -- Foresight Diagnostics, Inc. ("Foresight"), a leading diagnostics company specializing in the development of ultra-sensitive minimal residual disease (MRD) detection, today announced the closing of $33 million in new capital from existing investors Foresite Capital, Civilization Ventures, Bluebird Ventures, Pear Ventures, Agent Capital, Stanford University, and University of Colorado Healthcare Innovation Fund. The additional funds will support advancement of Foresight CLARITY™, the Company's ultrasensitive liquid biopsy MRD testing platform in lymphoma, in addition to solid tumor evidence generation. To date, the company has raised $86 million in venture financing. Jake Chabon, Ph.D., CEO and co-founder of Foresight Diagnostics, commented, "In completing Foresight's Series B financing and extension round during this exciting and transformative period, we are delighted to have earned the unwavering confidence of our Series A and B investors. We used the initial tranche of Series B funding to solidify our business infrastructure: investing in automation, building out our new laboratory in Boulder, and bolstering our team and technologies with the capabilities we need to secure ...