Buzzkill Labs is a biotechnology startup founded in 2018, with a focus on providing reliable drug testing solutions in a world where cannabis is legalized. The company's slogan, "Reliable Drug Testing in a Legalized World," succinctly encapsulates its mission. Buzzkill Labs has developed a cutting-edge technology that offers rapid and cost-effective oral fluid (saliva) testing, specifically designed to distinguish and measure the THC parent compound, which is the psychoactive component of cannabis responsible for impairment. This innovative approach sets Buzzkill Labs apart in the biotechnology and healthcare industries, positioning it at the forefront of meeting the evolving needs of drug testing in a changing legal landscape. In November 17, 2023, the company received a significant vote of confidence in the form of a Venture Round investment from First City Capital Group. This investment not only underscores external validation of Buzzkill Labs' potential but also provides the financial fuel necessary for further development and expansion. With its headquarters in the United States, Buzzkill Labs is strategically positioned in a key market for its offerings and stands to benefit from the increasing demand for innovative drug testing solutions. Overall, Buzzkill Labs' innovative approach, timely positioning in a rapidly evolving market, and recent investment from First City Capital Group all contribute to its compelling potential for growth and impact in the biotechnology and healthcare industries. As the company continues to refine its offerings and expand its reach, it is likely to attract further attention from investors and stakeholders seeking to capitalize on the opportunities presented by the intersection of healthcare, technology, and regulatory shifts.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | Unknown | 1 | First City Capital Group | 17 Nov 2023 |
Series A | Unknown | 1 | Poseidon Asset Management | 17 May 2023 |
Seed Round | $4.38M | - | 04 Nov 2021 |
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