V
Vital Bio
Point-of-care blood testing for rapid diagnostic results
About Vital Bio
Vital Bio, also known as Vital Biosciences Inc., is a Canadian health-tech company founded in 2019 by Vasu Nadella, Mounir Koussa, Farnoud Kazemzadeh, Iman Khodadad, and Dr. Emily Chen. The company is headquartered in Toronto, Canada, and operates in the laboratory services and diagnostics sector. Co-founder Mounir Koussa developed core technology for the company from his previous startup, Confer Health, which he spun out of his PhD at Harvard.
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Vital Bio is developing the "VitalOne," a desktop-sized, automated platform designed to bring comprehensive lab testing to point-of-care settings like primary care clinics, pharmacies, and in-home care locations. The device uses 600 microliters of blood to perform over 50 lab-grade tests, covering approximately 95% of routine lab orders. By leveraging advancements in microfluidics, robotics, computer vision, and biochemistry, the VitalOne runs hematology, clinical chemistry, and immunoassay tests in parallel, delivering results in about 20 minutes. This allows medical professionals to test, diagnose, and treat patients within a single visit. The system is designed for ease of use, with less than 30 seconds of hands-on time, and includes features like a patient app for result tracking.
The company's business model aims to disrupt the diagnostics industry by making testing more accessible and reducing delays in patient care. Vital Bio is privately held and has secured significant funding to support its growth and product development. As of July 2023, the company had raised a total of $48 million from investors including Lachy Groom, Northpond Ventures, Labcorp, Inovia Capital, and notable individuals like Sam Altman and Marc Benioff. A Series B funding round in September 2024 brought the total raised to over $62 million.
At a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Mississauga, Canada
- Employees
- 251
- Open positions
- None listed
- Dealroom signal
- 88.5/100
- Industry
- Health
- Sub-industry
- BioTechnology, Medical Devices
- Sector
- Biotech & Life Sciences, Biotechnology, Spinout, Biotech and Pharma, NIF defense security and resilience, NIF Crisis preparedness, DT and LS, science-based
- Technology
- Artificial Intelligence, Computer Vision
- Business model
- Manufacturing
- Client focus
- b2c
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jul 2023 | $48M | $192M | Inovia Capital · LabCorp · Marc Benioff · Sam Altman | ↗ |
| SEEDEquity / VC | Apr 2019 | $0 | — | Undisclosed | — |
Growth signals
Latest recorded traffic for Vital Bio is 11K monthly website visits, down 26.7% over the last three months. Vital Bio's team grew 14.1% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A7 investors entered at this stage
Inovia Capital
LabCorp
Marc Benioff
Sam Altman
Lachy Groom
Northpond Ventures
Route 66 Ventures
Other known investors15 additional known investors
Harvard University
Rogers Cybersecure Catalyst
University of Waterloo
Alpha Wave Global
FJ Labs
FundersClub
Luminous Ventures
MBX Capital
Next Ventures
Ramen Ventures
Remarkable Ventures
Telus
TELUS Pollinator Fund for Good
Telus Ventures
Velocity
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Vital Bio on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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