When was PrecisionMed founded?

PrecisionMed was founded in 1996 and raised its 1st funding round 18 years after it was founded.

Where is PrecisionMed located?

PrecisionMed is headquartered in San Diego, United States.

How many employees does PrecisionMed have?

As of Jul 01, 2024, the latest employee count at PrecisionMed is 16.

Is PrecisionMed a funded company?

PrecisionMed is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on Feb 13, 2014.

When was the latest funding round of PrecisionMed?

PrecisionMed's latest funding was a $***** Unattributed round on Feb 13, 2014, with participation from 0 investor. Its primary sector is Life Sciences Platforms and Tools. In United States, the Life Sciences Platforms and Tools sector has seen $407M in funding in 2026 to date.

Where does PrecisionMed rank among its competitors?

PrecisionMed ranks 10th amongst 90 active competitors, of which 8 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was iSpecimen, which secured $5.5M in Dec, 2025.

Who are the top competitors of PrecisionMed?

PrecisionMed's top competitors include Clean Cells, Cryoport and iSpecimen. Among them, iSpecimen secured the most recent funding round in December, 2025.

PrecisionMed - 2026 Company Profile, Team, Funding & Competitors

PrecisionMed is an acquired company based in San Diego (United States), founded in 1996 by John Flax. It operates as a Provider of a biorepository for human biological material for research. PrecisionMed has raised $1.22M in funding. The company has 90 active competitors, including 8 funded and 22 that have exited. Its top competitors include companies like Clean Cells, Cryoport and iSpecimen.

Company Details

PrecisionMed maintains and supplies accurately annotated human biological material for research purposes. The company is the private source of longitudinally collected Human Cerebrospinal Fluid (hCSF) from living normal control as well as diseased populations. Apart from the CSF collection, the biorepository also supplies serum and other body fluid samples, FFPE tissue samples, slides, wet tissues, etc. The company's wide network of partner institutions allows them to maintain a large collection of biologically normal tissue, which they refer to as TruNormal biological samples which can be matched to their banked diseased material when normal controls are required.

Website: precisionmed.com
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Phone Number: +1 **********

Key Metrics

Founded Year

1996

Location

San Diego, United States

Stage

Acquired

Total Funding

$1.22M in 1 round

Latest Funding Round

Unattributed, Feb 13, 2014, $*****

Investors

Peterson Partners & 6 more

Ranked

10^th among 90 active competitors

Employee Count

16 as on Jul 01, 2024

Similar Companies

Clean Cells & 116 more

Exit Details

Acquired by BioIVT (Jul 18, 2023)

View PrecisionMed's full profile

PrecisionMed got acquired by BioIVT on Jul 18, 2023.

Click here to take a look at PrecisionMed's acquisition in detail

PrecisionMed has raised a total funding of $1.22M over 1 round. PrecisionMed has 7 institutional investors.

Here is the list of recent funding rounds of PrecisionMed:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2014	3838722	Unattributed	4165592	8618393	9897765	4413663

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View details of PrecisionMed's funding rounds and investors

The founders of PrecisionMed is John Flax.

Here are the details of PrecisionMed's key team members:

John Flax: Founder & CEO of PrecisionMed.
Contact Info: 1 phone number

View details of PrecisionMed's Founder profiles and Board Members

PrecisionMed's employee count trend

PrecisionMed has 16 employees as of Jul 24. Here is PrecisionMed's employee count trend over the years:

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Top competitors of PrecisionMed include Clean Cells, Cryoport and iSpecimen. Here is the list of Top 10 competitors of PrecisionMed, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Clean Cells 2000, Bouffere (France), Acquired	Offers cell banking and virus banking services	-	-	52/100
2nd	Cryoport 2019, Brentwood (United States), Public	Provider of supply chain solutions for cell and gene therapies	-	-	51/100
3rd	iSpecimen 2009, Lexington (United States), Public	Provider of a biorepository of human clinical specimens	$11.9M	MassChallenge	51/100
4th	Indivumed 2002, Hamburg (Germany), Funding Raised	Specimen biobank, Drug and biomarker service provider	-	National Cancer Institute, European Investment Bank ... Read more	46/100
5th	GenVault Corporation 2000, Carlsbad (United States), Acquired	Biorepository providing secure, compliant storage and transport for biological samples	$47.8M	Cross Creek, QuestMark Partners & 2 others	43/100
6th	Cryoniss 2018, Macclesfield (United Kingdom), Acquired	Provider of biobanking services for life sciences industries	$683K	Maven Capital Partners, Bamburgh Capital ... & 15 others	43/100
7th	AminoChain 2022, New York City (United States), Seed	A blockchain-based platform for tokenizing and incentivizing stem cell donations	$7.07M	Andreessen Horowitz, Plug and Play Tech Center ... & 1 others	41/100
8th	Dadi 2019, Brooklyn (United States), Acquired	Provider of sperm storage and analysis services	$7M	Firstminute Capital, Third Kind Venture Capital ... & 5 others	40/100
9th	ViaCell 1994, Cambridge (United States), Acquired	Provider of services for collecting and preserving umbilical cord blood stem cells	$63M	Nomura, DWS & 3 others	40/100
10th	PrecisionMed 1996, San Diego (United States), Acquired	Provider of a biorepository for human biological material for research	$1.22M	Peterson Partners, Trilogy Search Partners ... & 5 others	38/100