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Mologic

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Rapid lateral flow diagnostic technology development services

Bedford, United KingdomFounded 2003Biotech & Life Sciences
Valuation $10–25M Last recorded · 2015
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Mologic

Mologic, founded in 2003 by Professor Paul Davis and Mark Davis, is a developer of rapid diagnostic technologies. Paul Davis is noted for being an originator of the Clearblue pregnancy test, the first commercial application of lateral flow technology. The company leverages this expertise to provide contract research and development services, taking diagnostic concepts from initial feasibility and prototyping through to manufacturing.

In July 2021, Mologic was acquired by Global Access Health (GAH), a consortium of philanthropic funds and investors led by the Soros Economic Development Fund (SEDF) with support from the Bill & Melinda Gates Foundation, in a deal of at least $41 million. This transaction transitioned Mologic into a social enterprise, allowing all profits to be reinvested into global health initiatives, particularly for underserved populations. Following the acquisition, Mologic's expertise was combined with its sister company, Global Access Diagnostics (GAD), under the brand Global Access Diagnostics (GADx). GADx operates as the first portfolio company of GAH.

The company's business model is twofold. It operates as a contract research organization, developing diagnostic products for clients and partners. It also develops its own portfolio of tests for epidemics and neglected tropical diseases like dengue, bilharzia, and river blindness, as well as for conditions in women's health and COPD. Revenue from commercial activities is used to fund the development of affordable diagnostics for low- and middle-income countries. The company has facilities in Bedfordshire, UK, and a US subsidiary in Maine.

Source: Dealroom company data

At a glance

Founded
2003
Headquarters
Bedford, United Kingdom
Sector
Biotech & Life Sciences

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Bill & Melinda Gates Foundation
  • SBRI Healthcare
  • Wellcome Trust
  • UK Research and Innovation

Series A2 investors entered at this stage

  • Calculus Capital
  • Foresight Group
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Bedford HQ
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Market sentiment

Posts on X, past 7 days

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