Glyconics Secures £1.5m Investment

Glyconics, which is part of the Deepbridge Life Sciences EIS portfolio, has secured £1.5 million in an Enterprise Investment Scheme (EIS) funding round ahead of a series A round next year. 

The innovative diagnostics start-up, with offices in Cambridge, Norwich and Basingstoke, has raised well over the intended £850,000, which will now fund a large-scale trial programme of Glyconics’ game-changing point-of-care diabetes screening tool, Glyconics-SX™, prior to applying for regulatory approval and CE marketing. 

Dr Kam Pooni, CEO of Glyconics, commented:  

“Glyconics offers a transformational, cost-efficient, rapid and non-invasive approach to diabetes screening – and it is testament to this pioneering device and all at Team Glyconics that this raise was so significantly over-subscribed. We are delighted to be continuing with our existing investors and, of course, welcome our new investors from Wealth Club and other private investors to the fold.” 

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