Drawbridge Health

Drawbridge Health

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Private Company

Total funding raised: $80M

Overview

Drawbridge Health is a private, pre-revenue diagnostics company pioneering a novel platform for simplified blood collection. Its flagship product, the OneDraw® Blood Collection System, is designed to enable patients or healthcare professionals to collect a small, high-quality blood sample easily at home or in point-of-care settings, which can then be mailed to a lab for analysis. This approach addresses key challenges in traditional venous blood draws, including patient discomfort, logistical barriers, and the need for trained phlebotomists. The company's strategy targets the growing demand for decentralized and digital health solutions, particularly in chronic disease management and clinical trials.

DiabetesChronic Disease Management

Technology Platform

The OneDraw® platform is an integrated, single-use blood collection device for capillary blood from a fingerstick. It features a retractable lancet, a microfluidic channel for precise volume collection, and a stabilizer that preserves the sample at ambient temperature for mailing to a central lab for analysis using standard equipment.

Funding History

2
Total raised:$80M
Series B$50M
Series A$30M

Opportunities

The massive growth in telehealth and decentralized clinical trials creates a urgent need for reliable remote blood collection tools.
Drawbridge's FDA-cleared platform is well-positioned to capture share in diabetes management and expand into multi-biomarker panels for broader health monitoring.
Partnerships with large reference laboratories or pharmaceutical companies could rapidly accelerate adoption and scale.

Risk Factors

Commercialization risk is high, requiring successful adoption by labs, clinicians, and payers against the entrenched standard of care.
Intense competition from both large diagnostics companies and well-funded startups threatens market share.
Scaling manufacturing while maintaining quality and low cost presents an operational challenge.

Competitive Landscape

Drawbridge competes in the remote blood collection space against startups like Tasso (with its Tasso+ device) and Seventh Sense Biosystems, as well as initiatives from large diagnostic service providers like Labcorp (with its Labcorp At-Home kit) and Quest Diagnostics. Competition is based on device simplicity, sample quality, volume, lab compatibility, and menu of available tests.