Investments
7Portfolio Exits
2Partners & Customers
10Service Providers
1About Bio-Techne
Techne Corporation, dba Bio-Techne, (NASDAQ: TECH), is a global life sciences company providing innovative bioactive tools and resources for the research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses.
Latest Bio-Techne News
Nov 27, 2023
BIO-TECHNE TO PRESENT AT THE 6TH ANNUAL EVERCORE ISI HEALTHCONx CONFERENCE November 27, 2023 at 07:01 am EST Share MINNEAPOLIS, Nov. 27, 2023 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today announced that Chuck Kummeth, President and Chief Executive Officer, and Kim Kelderman, Chief Operating Officer will present at the 6th Annual Evercore ISI HealthCONx Conference on Wednesday, November 29, 2023, at 2:10 p.m. EST. A live webcast of the presentation can be accessed via the IR Calendar page of Bio-Techne's Investor Relations website at https://investors.bio-techne.com/ir-calendar. Bio-Techne Corporation (NASDAQ: TECH) is a leading developer and manufacturer of high-quality purified proteins and reagent solutions - notably cytokines and growth factors, antibodies, immunoassays, biologically active small molecule compounds, tissue culture reagents, T-Cell activation and gene editing technologies. Bio-Techne's product portfolio also includes protein analysis solutions, sold under the ProteinSimple brand name, offering researchers efficient and streamlined options for automated Western blot and multiplexed ELISA workflow. These reagent and protein analysis solutions are sold to biomedical researchers as well as clinical research laboratories and constitute the Protein Sciences Segment. Bio-Techne also develops and manufactures diagnostic products including FDA-regulated controls, calibrators, blood gas and clinical chemistry controls and custom assay development on dedicated clinical instruments. Bio-Techne's genomic tools include advanced tissue-based in situ hybridization assays (ISH) for research and clinical use, sold under the ACD brand as well as a portfolio of clinical molecular diagnostic oncology assays, including the ExoDx® Prostate test for prostate cancer diagnosis. These diagnostic and genomic products comprise Bio-Techne's Diagnostics and Genomics Segment. Bio-Techne products are integral components of scientific investigations into biological processes and molecular diagnostics, revealing the nature, diagnosis, etiology and progression of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With thousands of products in its portfolio, Bio-Techne generated approximately $1.1 billion in net sales in fiscal 2023 and has approximately 3,200 employees worldwide. Contact: Bio-Techne Corporation specializes in the manufacture and marketing of products used in life science research. The group offers reagents and diagnostic tools for researchers, doctors, laboratories, pharmaceutical and biotechnology companies, etc. Net sales break down by family of products as follows: - biological and chemical reagents and analysis tools (74.3%): proteins, antibodies, molecules, culture serums, tools for cell work, tools for the study of proteins, immunoassay tools, etc. ; - diagnostic and genomics products (25.7%): reagents and products used in blood analysis, nucleic acid analysis, tissue biopsy, gene analysis, cancer and genetic carrier screening, etc. Net sales are distributed geographically as follows: the United States (56.5%), the United Kingdom (4.4%), Europe/Middle East/Africa (19.4%), China (10%), Asia/Pacific (6.4%), and other (3.3%). Sector
Bio-Techne Investments
7 Investments
Bio-Techne has made 7 investments. Their latest investment was in Wilson Wolf Manufacturing as part of their Corporate Minority on March 3, 2023.

Bio-Techne Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/1/2023 | Corporate Minority | Wilson Wolf Manufacturing | $257M | Yes | 4 | |
1/28/2021 | Corporate Minority | |||||
12/15/2016 | Series F | |||||
5/4/2016 | Series A | |||||
4/4/2014 | Corporate Minority |
Date | 3/1/2023 | 1/28/2021 | 12/15/2016 | 5/4/2016 | 4/4/2014 |
---|---|---|---|---|---|
Round | Corporate Minority | Corporate Minority | Series F | Series A | Corporate Minority |
Company | Wilson Wolf Manufacturing | ||||
Amount | $257M | ||||
New? | Yes | ||||
Co-Investors | |||||
Sources | 4 |
Bio-Techne Portfolio Exits
2 Portfolio Exits
Bio-Techne has 2 portfolio exits. Their latest portfolio exit was Astute Medical on April 04, 2018.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/4/2018 | Acquired | 3 | |||
Date | 4/4/2018 | |
---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 3 |
Bio-Techne Acquisitions
17 Acquisitions
Bio-Techne acquired 17 companies. Their latest acquisition was Lunaphore Technologies on June 22, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
6/22/2023 | Debt | $83.32M | Acquired | 2 | ||
6/22/2022 | Seed / Angel | Acquired | 3 | |||
3/3/2021 | Debt | $88.34M | Acquired | 6 | ||
6/5/2019 | Series A | |||||
6/25/2018 | Series C |
Date | 6/22/2023 | 6/22/2022 | 3/3/2021 | 6/5/2019 | 6/25/2018 |
---|---|---|---|---|---|
Investment Stage | Debt | Seed / Angel | Debt | Series A | Series C |
Companies | |||||
Valuation | |||||
Total Funding | $83.32M | $88.34M | |||
Note | Acquired | Acquired | Acquired | ||
Sources | 2 | 3 | 6 |
Bio-Techne Partners & Customers
10 Partners and customers
Bio-Techne has 10 strategic partners and customers. Bio-Techne recently partnered with Lunaphore Technologies on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/17/2023 | Partner | Switzerland | 1 | ||
2/16/2023 | Partner | United States | 1 | ||
12/1/2022 | Partner | United Kingdom | MINNEAPOLIS , Dec. 1 , 2022 / PRNewswire / -- Asuragen , a Bio-Techne Corporation brand and Oxford Nanopore Technologies plc , today announce a collaboration to develop assays designed to deliver more accurate and reliable options for reproductive health and carrier screening . | 2 | |
7/28/2022 | Licensor | ||||
5/12/2022 | Licensor |
Date | 4/17/2023 | 2/16/2023 | 12/1/2022 | 7/28/2022 | 5/12/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Licensor | Licensor |
Business Partner | |||||
Country | Switzerland | United States | United Kingdom | ||
News Snippet | MINNEAPOLIS , Dec. 1 , 2022 / PRNewswire / -- Asuragen , a Bio-Techne Corporation brand and Oxford Nanopore Technologies plc , today announce a collaboration to develop assays designed to deliver more accurate and reliable options for reproductive health and carrier screening . | ||||
Sources | 1 | 1 | 2 |
Bio-Techne Service Providers
1 Service Provider
Bio-Techne has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired | Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | Acquired |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
Bio-Techne Team
5 Team Members
Bio-Techne has 5 team members, including current President, Kim Kelderman.
Name | Work History | Title | Status |
---|---|---|---|
Kim Kelderman | President | Current | |
Name | Kim Kelderman | ||||
---|---|---|---|---|---|
Work History | |||||
Title | President | ||||
Status | Current |
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