Tech Company Financing Transactions

Advanced Animal Diagnostics Funding Round

Advanced Animal Diagnostics, based in Morrisville, secured $6 million in investment from Intersouth Partners and Novartis Venture Fund.

Transaction Overview

Announced On
4/11/2013
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series B
Investors

Intersouth Partners (James Rosen)

Novartis Venture Fund (Simon Wheeler)

Proceeds Purpose
Funds will be used to launch AAD's Qscout� automated on-farm lab system and Qscout� MLD rapid on-farm test for mastitis in dairy cows. Proceeds will also develop new tests to detect disease-causing pathogens in hours instead of days required by current tests.

Company Information

Company Status
Private & Independent
Industry
AgTech
Mailing Address
633 Davis Dr. 460
Morrisville, NC 27560
USA
Email Address
Overview
We provide the information that counts. Our rapid, on-farm diagnostics provide livestock producers with information they need to make informed management and treatment decisions. Through accurate, onsite disease detection, producers can provide more precise animal care and meet the growing global demand for quality protein.
Profile
Advanced Animal Diagnostics LinkedIn Company Profile
Social Media
Advanced Animal Diagnostics Company Twitter Account
Company News
Advanced Animal Diagnostics News
Facebook
Advanced Animal Diagnostics on Facebook
YouTube
Advanced Animal Diagnostics on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Joy Drach
  Joy Drach LinkedIn Profile  Joy Drach Twitter Account  Joy Drach News  Joy Drach on Facebook
Chief Scientific Officer
Rudy Rodriguez
  Rudy Rodriguez LinkedIn Profile  Rudy Rodriguez Twitter Account  Rudy Rodriguez News  Rudy Rodriguez on Facebook
VP - Marketing
Mitchell Hockett
  Mitchell Hockett LinkedIn Profile  Mitchell Hockett Twitter Account  Mitchell Hockett News  Mitchell Hockett on Facebook
VP - R & D
Jasper Pollard
  Jasper Pollard LinkedIn Profile  Jasper Pollard Twitter Account  Jasper Pollard News  Jasper Pollard on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/11/2013: HealthSouk venture capital transaction
Next: 4/11/2013: Aspen Aerogels venture capital transaction

 

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