Progentec, a leader in the development of nextgen diagnostics and digital therapeutics for the management of autoimmune diseases, has completed a $5 million Series A funding round led by Plains Venture Partners, the Oklahoma Seed Capital Fund and the Oklahoma Angel Capital Fund II, managed by i2E Management Company (Oklahoma City), with participation from NMC Health (Abu Dhabi), OCA Ventures (Chicago), Stanford University (Stanford), the Oklahoma Medical Research Foundation (Oklahoma City), Mayo Clinic, and Burns & Stowers Investments LLC (Norman, OK).
The company will utilize these funds in business expansion and strengthen its technology.
Progentec’s CEO, Mohan Purushothaman, said, “With these funds we will be able to realize our vision of providing a comprehensive solution for management of lupus patients that combines proprietary blood biomarkers with high levels of sensitivity and specificity with continuous remote digital monitoring to benefit millions of lupus patients world-wide.”
Arif Sorathia, Progentec’s Director of Digital Products, “The cyclical nature of lupus isn’t just hard for doctors to manage. It’s hard on patients. We are finding digital signals that help Lupus Warriors understand their individual patient journey.”
Progentec is committed to improving access and health outcomes for patients in therapeutic areas with a high level of unmet need by combining clinically-validated diagnostic interventions with state-of-the-art digital technologies. Through collaborations with research institutions and health practitioners around the world, Progentec is working to reduce mortality and morbidity while improving care management and service delivery for chronic health conditions.
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