FundedIQ
Biotechnology

Ferronova

A patented magnetic probe from the University of South Australia and iron magnetic nanoparticle technology from Victoria University of Wellington have been combined by Ferronova, an innovative medical device company, to create an advanced diagnostic system to enhance the detection of cancer metastases. Ferronova collaborates on research with the Universities of Sydney, New South Wales, and UniSA Future Industries Institute. Ferronova was founded in 2016 and is supported by Uniseed, Artesian Ventures, Powerhouse Ventures, an ASX-listed investment firm, PAN Ventures, UniSA Ventures, and Wellington UniVentures. The governments of South Australia and Australia have contributed grants to help develop the technology.

www.ferronova.com.au Adelaide, Australia 11-50 employees
Total raised
$5.6M
Rounds
1
Latest
Series B
Jan 2023

A patented magnetic probe from the University of South Australia and iron magnetic nanoparticle technology from Victoria University of Wellington have been combined by Ferronova, an innovative medical device company, to create an advanced diagnostic system to enhance the detection of cancer metastases. Ferronova collaborates on research with the Universities of Sydney, New South Wales, and UniSA Future Industries Institute. Ferronova was founded in 2016 and is supported by Uniseed, Artesian Ventures, Powerhouse Ventures, an ASX-listed investment firm, PAN Ventures, UniSA Ventures, and Wellington UniVentures. The governments of South Australia and Australia have contributed grants to help develop the technology.

Ferronova has raised $5.6M across 1 round. Its most recent round was a Series B of $5.6M in Jan 2023. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Jan 22, 2023
Series B
$5.6M

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