deepull Raises €50 Million in Series C to Advance Rapid Sepsis Diagnostic Technology
Key Insights
deepull has secured an oversubscribed €50 million Series C financing to advance its UllCORE diagnostic system, which can identify sepsis-causing pathogens directly from blood in about one hour.
The UllCORE system, which received FDA Breakthrough Device Designation in December 2024, uses molecular techniques to detect 95% of sepsis-causing pathogens and antibiotic resistance genes without culture requirements.
Funding will support clinical validation and regulatory approval for the technology addressing sepsis, which contributes to 1 in 3 US hospital deaths and has a global septic shock mortality rate of 30-40%.
Barcelona-based medical diagnostics company deepullSearch company has successfully closed an oversubscribed €50 million Series C financing round to advance its groundbreaking UllCORESearch drug diagnostic system for rapid pathogen detection directly from blood samples.
The funding round was co-led by Columbus Venture PartnersSearch company, Panakès PartnersSearch company, and Mérieux Equity PartnersSearch company, with significant participation from existing investors including Asabys Partners, Innvierte-CDTI, We Venture Capital, UI Investissement, Axis-ICO, Aliath Bioventures, and Kurma Partners.
Revolutionary Approach to Sepsis Diagnosis
The UllCORESearch drug system represents a potential paradigm shift in sepsisSearch disease diagnostics, utilizing advanced molecular techniques to extract and detect microbial DNASearch term directly from whole blood without the need for traditional blood cultures. The system's multiplex PCR test can identify 95% of sepsis-causing pathogens, including bacteria and fungi, as well as antibiotic resistance genes, delivering critical results to healthcare providers in approximately one hour.
This technology addresses a critical unmet need in sepsisSearch disease management. Current diagnostic methods rely on blood cultures that can take days to yield results and frequently fail to identify pathogens in suspected sepsis cases. The delay in pathogen identification often leads to broad-spectrum antibiotic use and contributes to poor patient outcomes.
"This financing marks a critical step forward for deepullSearch company as we move towards completing the clinical studies of our diagnostic system," said Jordi Carrera, CEO of deepull. "With this support, we are poised to deliver a transformative diagnostic solution to healthcare providers and patients worldwide."
Addressing a Major Healthcare Challenge
SepsisSearch disease represents one of the most significant challenges in modern healthcare. The condition directly causes or contributes to one in three hospital deaths in the United States, with septic shock carrying a global mortality rate of 30-40%. Early diagnosis is particularly challenging as symptoms are often non-specific and easily overlooked.
The UllCORESearch drug system's ability to provide rapid, accurate pathogen identification could significantly improve sepsisSearch disease management by enabling targeted antimicrobial therapy much earlier in the treatment process.
Rick Ivey, Chairman of the Board of Directors at deepullSearch company, noted, "The strong support and oversubscription in this financing round reflect both the strength of deepull's technology and its potential to redefine diagnostic standards."
Technical Capabilities and Regulatory Progress
The UllCORESearch drug diagnostic system is designed as a fully automated, walkaway platform that processes 8mL of whole blood to extract total microbial DNASearch term. The system provides 52 reportable results covering the vast majority of sepsisSearch disease-causing pathogens.
In December 2024, the technology received Breakthrough Device Designation from the U.S. Food and Drug Administration, highlighting its potential to address this critical medical need. The Series C funding will primarily support final clinical validation studies and expedite the regulatory approval process.
Investor Confidence in deepull's Approach
The substantial investment reflects strong confidence in deepullSearch company's technological approach and market potential.
"We searched at length for an optimal solution in the sepsisSearch disease space and we are extremely glad to support deepullSearch company. Its promising UllCORESearch drug system has the potential to overcome the serious challenges faced by clinicians in the diagnosis of sepsis," commented Alessio Piuma, Principal at Panakès PartnersSearch company.
Jose Mesa, CIO Partner at Columbus Venture PartnersSearch company, added, "We are thrilled to support deepullSearch company's vision as it transitions towards commercialization to impact the management of patients with sepsisSearch disease."
Valerie Calenda, Managing Partner at Mérieux Equity PartnersSearch company, noted their early identification of the company: "We identified the company at a very early stage a few years ago and are excited by its breakthrough technology that could radically transform the diagnosis and treatment of sepsisSearch disease."
Clinical Laboratory Integration
The UllCORESearch drug analyzer is designed as a benchtop system with complete sample-to-result automation, making it suitable for integration into hospital clinical laboratories of various sizes. This practical design consideration could facilitate broader adoption across healthcare systems once regulatory approvals are secured.
The proceeds from this financing round position deepullSearch company to complete the necessary clinical validation studies and navigate the regulatory approval process, potentially bringing this innovative diagnostic solution to healthcare providers and patients in the near future.