Biota, an environmental diagnostics company, has closed a $3 million seed financing round. Burnt Island Ventures led the round, with significant participation from DeepWork Capital. The round also included renewed participation from Antler, Beyond Utility Water Ventures, and the Deming Center Venture Fund.
Biota’s platform accelerates PFAS analysis across field and laboratory workflows. RapidTest is a rapid screening platform designed to deliver results in approximately 15 minutes. MagnaPrep uses magnetic nanoparticle technology to streamline laboratory sample preparation.
The financing will help scale sales and customer operations, advance Biota’s rapid PFAS testing tools, and expand its diagnostics platform to additional contaminants including microplastics. Biota recently opened a 7,500-square-foot laboratory and innovation center in Longmont, Colorado.
KEY QUOTES:
“The technology to treat PFAS is advancing, but the ability to measure it has not kept pace. Organizations cannot optimize treatment systems, map contamination or make rapid remediation decisions when critical data takes weeks to arrive. This financing gives us the capital and strategic partners to bring faster testing tools to the organizations doing the hard work of PFAS monitoring and remediation.”
Rose Nash, PhD, Founder and CEO, Biota
“The scale of the PFAS challenge will require fundamentally faster and more distributed testing infrastructure. Rose and the Biota team combine exceptional scientific capability with a firsthand understanding of the analytical bottlenecks slowing the market.”
Tom Ferguson, Founder and Managing Partner, Burnt Island Ventures
“Biota is addressing a rapidly growing market need with technology that could transform how PFAS contamination is measured and ultimately remediated. The company has assembled an exceptional team, and we are excited to support Biota as it brings faster, more actionable PFAS testing to market.”
Benjamin Patz, Managing Partner, DeepWork Capital
