Skip to main content
Premium Trial:

Request an Annual Quote

Protein Analysis Firm Nicoya Raises C$20M in Extended Series A Financing Round

NEW YORK – Canadian protein analysis company Nicoya Lifesciences said on Thursday that it has raised C$20 million (US$15.7 million) in an extended Series A financing, bringing its total funding to date to C$35 million.

The extension was led by Whitecap Venture Partners, with participation from Agilent Technologies, Export Development Canada, BDC Capital, MaRS IAF, and Garage Capital. Whitecap also led the earlier $10 million Series A financing in 2020, which enabled Nicoya to grow to over 100 employees and launch an early adopter program.

The new funding will help the Kitchener, Ontario-based company continue to develop and commercialize its Alto surface plasmon resonance (SPR)-based platform and expand into international markets. Alto integrates SPR with digital microfluidics to perform multiplexed and label-free protein characterization.

The company said its products are currently used by over 500 researchers and that it intends to continue expanding in the academic, government, biotechnology, and pharmaceutical sectors.

The Scan

ChatGPT Does As Well As Humans Answering Genetics Questions, Study Finds

Researchers in the European Journal of Human Genetics had ChatGPT answer genetics-related questions, finding it was about 68 percent accurate, but sometimes gave different answers to the same question.

Sequencing Analysis Examines Gene Regulatory Networks of Honeybee Soldier, Forager Brains

Researchers in Nature Ecology & Evolution find gene regulatory network differences between soldiers and foragers, suggesting bees can take on either role.

Analysis of Ashkenazi Jewish Cohort Uncovers New Genetic Loci Linked to Alzheimer's Disease

The study in Alzheimer's & Dementia highlighted known genes, but also novel ones with biological ties to Alzheimer's disease.

Tara Pacific Expedition Project Team Finds High Diversity Within Coral Reef Microbiome

In papers appearing in Nature Communications and elsewhere, the team reports on findings from the two-year excursion examining coral reefs.