Ping An led a $100m Series E round in Visby Medical.

Ping An, a Chinese holding conglomerate, led a $100m Series E round in Visby Medical, a medical diagnostic company, with participation from Healthcare of Ontario Pension Plan, John Doerr, Cedars Sinai Medical Center, ND Capital, Artiman Ventures, Pitango Venture Capital, Blue Water Life Science Advisors and Nissim Capital. This financing will enable Visby Medical to scale production capacity from tens to hundreds of thousands of tests per month, further expand the product menu to include Covid + influenza A/B combination testing, antimicrobial resistance panels, and deliver the power of PCR diagnostics to consumers at-home.