Tech Company Financing Transactions

LabNow Funding Round

LabNow secured a $20 million Series B investment round on 11/13/2007. Investors included Sammons Enterprises and Austin Ventures.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B

Sammons Enterprises (Lead Investor) (Robert Korba)

Austin Ventures (Venu Shamapant)

Proceeds Purpose
Funds will be used to complete late-stage development and launch the company's initial products, the CD4Now™ BioChip and Analyzer devices, which will be used in staging and monitoring the treatment of HIV/AIDS patients worldwide.

Company Information

Company Status
Out of Business
Medical Devices & Instruments
Mailing Address
2800 B Industrial Terrace
Austin, TX 78758
Email Address
LabNow, Inc., seeks to improve global health and safety through the deployment of simple, rapid, point-of-need laboratory testing. The company, headquartered in Austin, Texas, has licensed novel, platform lab-on-a-chip sensor technology from The University of Texas at Austin (UT).
LabNow LinkedIn Company Profile
Social Media
LabNow Company Twitter Account
Company News
LabNow News
LabNow on Facebook
LabNow on YouTube

Management Team

Email & Social
Chief Scientific Officer
James Jacobson
  James Jacobson LinkedIn Profile  James Jacobson Twitter Account  James Jacobson News  James Jacobson on Facebook
Bryon Bhagwandin
  Bryon Bhagwandin LinkedIn Profile  Bryon Bhagwandin Twitter Account  Bryon Bhagwandin News  Bryon Bhagwandin on Facebook



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Prev: 11/13/2007: Akermin venture capital transaction
Next: 11/13/2007: Gydget venture capital transaction


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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with, an affiliated venture.


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