BetaKit – Nicoya Lifesciences Raises $2 Million To Make Protein Testing Equipment More Accessible To Researchers

Article via BetaKit  – Kitchener-based Nicoya Lifesciences has raised $2 million.

The funding was led by Ripple Ventures and GTAN, with participation from MaRS IAF, BDC, Garage Capital, Angel One, Maple Leaf Angels, Innovation Grade Ventures, the Laurier Startup Fund, the University of Waterloo Student Venture Fund and the Waterloo Alumni Angels.

Nicoya launched in 2012 as a spin-out company from the University of Waterloo. The company uses nanotechnology to create more affordable protein testing solutions for medical researchers, and said their instruments have been used by hundreds of researchers in over 25 countries. The funding will be used to support new product development.

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Posted by Melissa Durrell on February 8, 2018

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