Pictor
Overview
Pictor is pleased to announce a new NZD13.4 million B series round (organically this is round H). This investment round is led by former Morrison & Co CEO Marko Bogoievski and specialist growth investor K One W One Ltd (K1W1) and will be invested in accelerating the Product Development for 4 upcoming product launches. Round H will enable Pictor to continue to accelerate Product Development and Commercial efforts to successfully launch 4 more diagnostic products in the next 12 months.
We have NZD9.3M committed, and we are looking for a further NZD4.1M to bridge the achievement of near-term commercial milestones which will enable the business to hit revenue milestones of NZD8.2m in FY25, NZD27.4m in FY26 and NZD38M in FY27, and achieve positive EBITDA by November 2024.
Investment Highlights
- Pictor has developed novel diagnostic tests that allow up to 10 diseases or biomarkers to be detected from one sample.
- This high-efficacy diagnostic multiplexed platform is capable of identifying infectious and complex diseases for human and animal health.
- After 5+ years of Product Development, Pictor has developed a strong commercial pipeline of products for their patented multiplexed diagnostics platform.
- Pictor is close to achieving several significant commercial milestones in several human and animal health products within the next 6-12 months.
- Upon achieving these milestones, Pictor will accelerate the commercialisation of further animal and human health products in the pipeline and bring forward product development on future products and applications.
- Pictor is seeking investment to bridge these near-term commercial milestones. Investment prior to key trial results and external validation represents an opportunity to realise a significant valuation uplift upon achievement of the commercial milestones.
We invite any interested parties to contact us for further information or updates.
Problem and Solution
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Market Opportunity
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Competitive Advantage
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Cras non nisi urna. Sed feugiat dignissim erat, eget convallis nisl blandit a. Nullam fringilla diam eget dui placerat fermentum. Maecenas malesuada viverra leo eu bibendum. Nam vulputate enim velit, eu pretium justo tristique ac.
Nam vitae varius augue. Nam pharetra facilisis elementum. Sed nisl risus, vestibulum ut velit at, dapibus sagittis arcu. Nullam sed dolor suscipit, efficitur enim quis, vestibulum sapien. Nunc convallis mauris nec nibh mollis, eget aliquet odio tincidunt.
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Pellentesque tempor a risus in elementum. Proin malesuada mauris et mauris bibendum laoreet. Vivamus maximus nulla volutpat, ornare lorem a, vulputate enim.
In dui nisl, vestibulum eu finibus pretium, eleifend et eros. Vivamus in venenatis risus, ut dictum vel
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Highlights & Milestones
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