# Qvella Corporation: Medical devices, Richmond Hill, Canada

> Qvella Corporation: Qvella Corporation is a leader in molecular diagnostics focused on improving the speed and efficiency of diagnosing sepsis and...

Source: https://millionrounds.com/startup/qvella-corporation (Millionrounds; every figure on the page links to its filing or article)

Canada · [Medical devices startup](https://millionrounds.com/companies)

# Qvella Corporation

Qvella Corporation is a leader in molecular diagnostics focused on improving the speed and efficiency of diagnosing sepsis and bloodstream infections.

Funding reported Last round: Undisclosed round

Medical devices Richmond Hill, Canada

Company summary

- **Founded:** 2009 17 years old
- **Team:** 26 11 to 50 people
- **Funding reported:** 45.4M as listed, currency not stated
- **Last round:** Undisclosed round Sept 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Qvella Corporation has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Qvella Corporation

Qvella Corporation is a leader in molecular diagnostics focused on improving the speed and efficiency of diagnosing sepsis and bloodstream infections.

The company aims to transform microbiology workflows, enabling actionable information to be generated in minutes instead of days. Their mission addresses the critical need for faster diagnosis and treatment, particularly given the high mortality and treatment costs associated with sepsis. The core technology behind Qvella's innovations is FAST (Field Activated Sample Treatment), which automates and accelerates various stages of microbiology workflows. This technology allows for rapid isolation and concentration of target pathogens, producing a clean, NAAT-ready lysate in under an hour. Qvella is developing the FAST-IDTM BSI Panel to enhance the management of patients with bacteremia, providing molecular diagnostic solutions that streamline sample treatment and pathogen identification. Qvella serves hospitals, healthcare systems, and clinical laboratories in North America, focusing on those dealing with sepsis and bacteremia. Their solutions benefit all stakeholders in the healthcare ecosystem, including patients and healthcare providers, by facilitating quicker diagnostic triage and reducing treatment costs.

## What company datasets say Qvella Corporation raised

Funding, as reported

Reported in all **45.4M** in the source's currency

Rounds **8**

Last round **Undisclosed round**

Last round size **25M**

Last round date **Sept 2021**

Investors listed **7**

## On 2 portfolio pages

Investors who name them

- [Whitecap Venture Partners](https://millionrounds.com/fund/whitecap-venture-partners)
- [Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited)

Each firm lists Qvella Corporation on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

health care real-time results molecular diagnostics rapid diagnostics rapid antimicrobial stewardship infectious disease management sepsis health diagnostics microbiology workflow automation direct blood sampling automated pathogen detection pbc prep cartridge pcr-ready lysate blood culture diagnostics clinical microbiology workflow one test

Built with from their website

Amazon SES Amazon Simple Email Service Microsoft Exchange Microsoft 365 Apps & Services Amazon Route 53 Amazon AWS Microsoft Exchange Online SolarWinds Service Desk Microsoft 365 AWS Cloud

+2 more

Outlook Microsoft Email Providers

- **Sector:** Medical devices
- **Industry code:** NAICS 339112, 541714, SIC 3829, 3841, 8731
- **Region:** Ontario
- **Revenue:** 10M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/qvella-corporation)

## Medical devices in Canada

Startups like it

- [**Exact Imaging** Markham · founded 2013 *Raised*](https://millionrounds.com/company/exact-imaging)
- [**Evasc Neurovascular** Vancouver · founded 2001 *Raised*](https://millionrounds.com/company/evasc-neurovascular)
- [**Optina Diagnostics** Montreal · founded 2011 *Raised*](https://millionrounds.com/company/optina-diagnostics)
- [**CorVista Health** Toronto · founded 2012](https://millionrounds.com/startup/corvista-health)
- [**ABK Biomedical Inc.** Halifax · founded 2012](https://millionrounds.com/startup/abk-biomedical-inc)
- [**Canary Medical Inc.** Vancouver · founded 2012](https://millionrounds.com/startup/canary-medical-inc)
- [**Puzzle Medical Devices Inc.** Montreal · founded 2018](https://millionrounds.com/startup/puzzle-medical-devices-inc)
- [**Synaptive Medical** Toronto · founded 2012](https://millionrounds.com/startup/synaptive-medical)

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