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Vital Bio

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Point-of-care blood testing for rapid diagnostic results

Mississauga, CanadaFounded 2018Biotech & Life Sciences
Valuation $100–250M Last recorded · 2023
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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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.

Source: Dealroom company data

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

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Jul 2023 $48M $192M Inovia Capital · LabCorp · Marc Benioff · Sam Altman ↗
SEEDEquity / VC Apr 2019 $0 — Undisclosed —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Vital Bio website traffic

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.

Latest monthly visits11K 3-month web change-26.7% 1-year team growth+14.1%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

22 investors on the cap table

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

Series A7 investors entered at this stage

Other known investors15 additional known investors

Team profiled 12 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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
6 countries with
team presence
🇨🇦 Canada85.9%
🇺🇸 United States11%
🇵🇹 Portugal1.3%
🇩🇰 Denmark0.4%
🇮🇳 India0.4%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Vital Bio on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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