Tech Company Financing Transactions

Innovative Biosensors Funding Round

On 10/24/2006, Innovative Biosensors raised $2.8 million in Series A investment from Chart Venture Partners and CNF Investments.

Transaction Overview

Announced On
Transaction Type
Venture Equity
Series A

Chart Venture Partners (Cole VanNice)

CNF Investments (Joseph DelGuercio)

Proceeds Purpose
"Closing this financing round with CNF Investments and Chart Venture Partners enables the company to bolster its research and development and commercialization efforts relative to the biodefense and human clinical diagnostics markets," said Joe Hernandez, IBI's President and CEO. "These funds will hasten the availability of rapid tests to markets that desperately need quick, accurate results to assist with critical, time-sensitive decision-making."

Company Information

Company Status
Private & Independent
Mailing Address
15601 Crabbs Branch Way
Rockville, MD 20855
Email Address
The BioFlash system is composed of a genetically engineered biosensor that allows for extremely rapid testing of analytes at previously unseen levels of sensitivity and specificity.
Innovative Biosensors LinkedIn Company Profile
Social Media
Innovative Biosensors Company Twitter Account
Company News
Innovative Biosensors News
Innovative Biosensors on Facebook
Innovative Biosensors on YouTube

Management Team

Email & Social
Chief Executive Officer
David Yost
  David Yost LinkedIn Profile  David Yost Twitter Account  David Yost News  David Yost on Facebook
Chief Financial Officer
Rigg Mohler
  Rigg Mohler LinkedIn Profile  Rigg Mohler Twitter Account  Rigg Mohler News  Rigg Mohler on Facebook



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Prev: 10/23/2006: Amorcyte venture capital transaction
Next: 10/24/2006: Skyrider venture capital transaction


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