Atonarp, a manufacturer of molecular sensing and diagnostics products for the healthcare, pharma, and semiconductor industries, has announced it has raised a $50 million Series D financing, led by WRVI Capital.
The new funding will allow the company to expand its operations to meet growing customer demand in its current markets and expedite the development and commercialization of its molecular diagnostics products. The company has also announced the appointment of Shaun Holt as its chief operating officer (COO).
“Atonarp is developing the future of point-of-care molecular diagnostics testing,” said Nicholas Brathwaite, founding managing partner of WRVI Capital and Board Chair of Atonarp. “As one of Atonarp’s first investors, we recognized early on that the company’s breakthrough molecular sensor technology could spur innovation across industries. With its seasoned team of technologists, Atonarp will continue to expand its first-in-class, proven, and transformational molecular sensor technology platform to new industries.”
As the lead investor, WRVI Capital Founding Partner Michael Marks has been appointed to Atonarp’s Board, joining Nicholas Brathwaite who will remain involved as Board Chair. Also participating in Atonarp’s Series D are Furukawa Electric, Japan Post Investment, Boscolo Intervest, ATI Korea, and Banner Industries. Atonarp has now raised $111M in funding to date.
“Atonarp’s goals are the same as ours,” said Yoshio Masutani, corporate vice president of Furukawa Electric. “We are delighted to support a business whose technology has a myriad of applications, but most importantly can help people make proactive health decisions through Atonarp’s non-invasive diagnostic testing platform.”
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