LongeVC and Metaplanet invested in US home kits for blood testing SiPhox Health
Latvian fund LongeVC and Jaan Tallinn’s fund Metaplanet invested in US home kits for blood testing SiPhox Health, which helps to define the state of the customer's health. US Intel Capital led a $17M A-series round. US funds Khosla Ventures, Alumni Ventures, Shorewind Capital, Overlap Holdings, Duke Capital Partners, and Brasilian Kortex Ventures also participated in the deal. Intel Capital managing director Srini Ananth joined SiPhox Health’s board of directors.
SiPhox Health was founded by Diedrik Vermeulen and Michael Dubrovsky in Burlington (US) in 2020. SiPhox Health offers a health testing option with in-home sensors and mail-in kits. The kit includes lancets (medical implements used in blood sampling) and devices to put blood samples inside. The test takes ten minutes, and the results are available within a few days. SiPhox’s tests track 17 biomarkers, including values for inflammation, metabolic fitness, hormone and nutritional balance, and cardiovascular health. The company uses silicon photonic chip technology for health testing devices. Each disposable sensor chip contains an array of photonic immunoassay sensors printed with proteins to detect specific targets in blood.
SiPhox’s tests can sync with wearable data, so it is possible to use with trackers Oura Ring or Apple Watch, and medical devices like insulin pumps and glucose monitors.
The company offers SiPhox Health Kits in a subscription version. The customer can have unlimited membership and receive unlimited at-home kits, subscribe for a quarter and receive four test kits per year, and have a yearly subscription with one test kit per year. The startup will use the investment to expand its team in the areas of biology, engineering, and also increase its current business offerings.
Metaplanet Holdings is an early-stage investment firm of Skype’s founder Jaan Tallinn. It has 163 companies in its venture investment portfolio.
LongeVC is a venture company with offices in Riga and Lugano (Switzerland). It was established in 2016 by Garri Zmudze, Sergey Jakimov, and Ilya Suharenko. A €35M fund backs startups at the early and seed stages across the US and Europe.
