SpinChip - About the company
SpinChip is an acquired company based in Oslo (Norway), founded in 2012 by Stig Morten Borch. It operates as a R&D company focused on manufacturing in-vitro diagnostic test cartridge. SpinChip has raised $23.4M in funding, with last known valuation of $*****. The company has 66 active competitors, including 15 funded and 12 that have exited. Its top competitors include companies like EKF, Cygnus Technologies and LumiraDx.
Company Details
- Website
- spinchip.no
- Email ID
- *****@spinchip.no
- Phone Number
- +47 **********
- Registered Address
- Research Road 1 0373 OSLO
Key Metrics
Founded Year
2012
Location
Oslo, Norway
Stage
Acquired
Total Funding
$23.4M in 3 rounds
Latest Funding Round
Last Known Valuation
$***** as on Jan 13, 2025
Ranked
6th among 66 active competitors
Annual Revenue
$0 - $1M as on Dec 31, 2019
Employee Count
71 as on May 31, 2026
Exit Details
Acquired by BioMerieux (Jan 13, 2025)
Legal entities associated with SpinChip
SpinChip is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Spinchip Diagnostics As CIN: NW997971698 , United States, Active | Jan 11, 2012 | $0 - $1M (As on Dec 31, 2019) | 30 (As on Dec 31, 2021) | - |
SpinChip's acquisition details
SpinChip got acquired by BioMerieux on Jan 13, 2025 at an acquisition amount of $*****.
Click here to take a look at SpinChip's acquisition in detail
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SpinChip's funding and investors
SpinChip has raised a total funding of $23.4M over 3 rounds. Its first funding round was on Jan 28, 2016. SpinChip has 2 institutional investors.
Here is the list of recent funding rounds of SpinChip:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 2023 | 6507707 | Series B | 9316707 | 2823563 | 2835806 | 9395220 |
Jun 29, 2021 | 6766563 | Series B | 1463813 | 1391552 | 9612407 | |
Jan 28, 2016 | 4742855 | Series A | 8198346 | 8460001 | 5078940 |
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SpinChip's founders and board of directors
Founder? Claim ProfileThe founders of SpinChip is Stig Morten Borch. Morten Jurs is the CEO of SpinChip.
Here are the details of SpinChip's key team members:
- Stig Morten Borch: Co-Founder & CSO of SpinChip. Contact Info: 1 email address
- Morten Jurs: CEO of SpinChip. Contact Info: 1 email address
View details of SpinChip's Founder profiles and Board Members
SpinChip's employee count trend
SpinChip has 71 employees as of May 26. Here is SpinChip's employee count trend over the years:
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SpinChip's Competitors and alternates
Top competitors of SpinChip include EKF, Cygnus Technologies and LumiraDx. Here is the list of Top 10 competitors of SpinChip, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  EKF 1990, Penarth (United Kingdom), Public | Develops point-of-care and laboratory blood analyzers | $179K | 53/100 | |
2nd | Cygnus Technologies 2003, Southport (United States), Acquired | Manufacturer of analytical products for life science | - | - | 51/100 |
3rd | LumiraDx 2014, Waltham (United States), Acquired | Cloud based diagnostics platform for point of care diagnosing | $704M | 49/100 | |
4th | Provider of diagnostic medical devices for screening Covid 19 | $13.1M | 48/100 | ||
5th |  LightDeck Diagnostics 2009, Boulder (United States), Acquired | Developer of point-of-care diagnostic device for multiplex assays | $57M | 48/100 | |
6th | R&D company focused on manufacturing in-vitro diagnostic test cartridge | $23.4M | 47/100 | ||
7th | Abaxis 1989, California City (United States), Acquired | Diagnostics company offering a comprehensive line of on-site diagnostic instruments and rapid tests | - | 44/100 | |
8th |  Engineering for All 2016, Yokneam Illit (Israel), Series A | Provider of point of care diagnostic device | $7.4M | 44/100 | |
9th |  EDX Medical Group 2022, Cambridge (United Kingdom), Seed | Research laboratory focused on medical diagnostics solutions | $2.15M | 44/100 | |
10th |  ProciseDx 2018, San Diego (United States), Acquired | Provider of a point-of-care clinical diagnosis device for healthcare professionals | $22M | 42/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on SpinChip's competitors? Click here to see the top ones
SpinChip's Investments and acquisitions
SpinChip has made no investments or acquisitions yet.
News related to SpinChip
•
bioMérieux in good shape: 100% acquisition of SpinChip DiagnosticsFortuneo•Jan 13, 2025•BioMerieux, SpinChip
•
SpinChip Secures NOK 43 million in Financing RoundSpinChip•Jan 08, 2024•SpinChip, ABG Sundal Collier, Carnegie
•
SpinChip® Secures NOK 130 million (€13.5 Million) in Financing RoundGlobeNewswire•Jun 29, 2021•SpinChip, Carnegie Investment Bank, Kistefos
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