Money down the toilet: Flushable pregnancy test startup announces funding

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In Philadelphia, biodegradable pregnancy test startup Lia Diagnostics has raised $2.6 million in private funding.

The company, which says its paper-based tests are flushable, did not report sales in 2018 but received FDA approval in December 2017 for over-the-counter sales.

CEO Bethany Edwards declined to disclose the identity of the investors to Philadelphia’s The Inquirer, but a filing with the SEC shows the company is looking for an additional $400,000.

The company also raised about $50,000 by winning a startup pitch event at Berlin’s TechCrunch Disrupt.

Home pregnancy tests result in 2 million pounds of plastic being dumped into US landfills annually.