UK-based proteins characterization equipment manufacturer Fluidic Analytics has secured $31 million in a funding round.

With the funds raised, Fluidic Analytics will continue developing its transformational products for characterising proteins and their behaviour.

The funds will also support the commercial roll-out of the Cambridge University spin-out’s laboratory-tools pipeline and further promote high-value clinical applications of its technology.

The funding was led by UK venture capital fund Draper Esprit and Delin Ventures and Business Growth Fund. IQ Capital and Amadeus Capital Partners also participated in the round.