Tech Company Financing Transactions
Innovative Biosensors Funding Round
Harbert Venture Partners and New Markets Growth Fund invested in a $3.5 million Series A venture round for Innovative Biosensors. The financing round was announced on 5/17/2005.
Transaction Overview
Company Name
Announced On
5/17/2005
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Series A
Investors
Harbert Venture Partners (Lead Investor) (Will Brooke)
Proceeds Purpose
Having raised several million dollars , the company will be able to hire four people in the near term, Hernandez says. He predicts the firm will reach a break-even point in 2007 and could generate up to $70 million in sales by 2009.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
15601 Crabbs Branch Way
Rockville, MD 20855
USA
Rockville, MD 20855
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Yost
Chief Financial Officer
Rigg Mohler
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