Tech Company Financing Transactions
Alverix Funding Round
On 2/6/2008, Alverix raised $7.7 million in Series A funding from New Venture Partners and Safeguard Scientifics.
Transaction Overview
Company Name
Announced On
2/6/2008
Transaction Type
Venture Equity
Amount
$7,700,000
Round
Series A
Investors
New Venture Partners (Lead Investor) (David Tennenhouse)
Safeguard Scientifics (Lead Investor) (Gary Kurtzman)
Proceeds Purpose
Alverix will use the proceeds of this financing round for key hires, product development and commercialization of its POC assay devices.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
2590 North First St. 100
San Jose, CA 95131
USA
San Jose, CA 95131
USA
Phone
Website
Email Address
Overview
Alverix focuses on producing low cost, handheld reader devices with the accuracy and precision of laboratory instrumentation. The company partners with diagnostic and OEM manufacturers seeking to increase current test accuracy, improve the portability of existing tests, or develop new assays.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Tarbox
Chief Operating Officer
Patrick Petruno
VP - Manufacturing
Pin Chen
VP - R & D
Tong Xie
VP - Regulatory Affairs
Bill Bilobran
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