Tech Company Financing Transactions

NuGEN Technologies Funding Round

NuGEN Technologies, based in San Carlos, scored $3 million from Hercules Technology Growth Capital.

Transaction Overview

Company Name
Announced On
4/23/2007
Transaction Type
Debt
Amount
$3,000,000
Round
Undisclosed
Investors
Proceeds Purpose
"The venture debt financing from Hercules will facilitate further development of new products and increase NuGEN's marketing efforts for existing products, such as the Ovation(TM) Whole Blood Solution and the soon to be released WT-Ovation(TM) FFPE System. This new system allows researchers to access precious RNA from formalin fixed paraffin embedded (FFPE) samples that have previously been inaccessible for global gene expression analysis and hold critical biological information for cancer and other significant areas of research," said Elizabeth Hutt, chief executive officer of NuGEN.

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
201 Industrial Rd. 310
San Carlos, CA 94070
USA
Email Address
Overview
NuGEN Technologies, Inc., headquartered in San Carlos, California, USA, is a privately held company focused on the development and commercialization of high sensitivity amplification and detection systems for the analysis of nucleic acids and proteins.
Profile
NuGEN Technologies LinkedIn Company Profile
Social Media
NuGEN Technologies Company Twitter Account
Company News
NuGEN Technologies News
Facebook
NuGEN Technologies on Facebook
YouTube
NuGEN Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Elizabeth Hutt
  Elizabeth Hutt LinkedIn Profile  Elizabeth Hutt Twitter Account  Elizabeth Hutt News  Elizabeth Hutt on Facebook
Chief Financial Officer
Dan Benetz
  Dan Benetz LinkedIn Profile  Dan Benetz Twitter Account  Dan Benetz News  Dan Benetz on Facebook
VP - Marketing
Alan Dance
  Alan Dance LinkedIn Profile  Alan Dance Twitter Account  Alan Dance News  Alan Dance on Facebook
VP - R & D
Douglas Amorese
  Douglas Amorese LinkedIn Profile  Douglas Amorese Twitter Account  Douglas Amorese News  Douglas Amorese on Facebook
VP - Sales
Armin Winands
  Armin Winands LinkedIn Profile  Armin Winands Twitter Account  Armin Winands News  Armin Winands on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/23/2007: eMeter venture capital transaction
Next: 4/24/2007: The Natural Dentist venture capital transaction

 

Share this article

 


About Our VC Transactions Data

Our team works diligently to record all VC transactions involving tech companies. All VC database entries reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary