Rapid Micro Biosystems Inc. Secures $18,600,000 Series A Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db7ee5ad-d81c-42d9-a40e-eb14cb86d88c&Preview=1 -
Date
7/8/2009 -
Company Name
Rapid Micro Biosystems Inc. -
Mailing Address
One Oak Park Drive, 2nd Floor Bedford, MA 01730 -
Company Description
Rapid Micro Biosystems is providing innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. The Company’s Growth Direct™ System detects contamination earlier, delivering compelling economic benefits to manufacturers, while improving their quality process. The Growth Direct System is the first and only automated system that addresses all key microbial QC applications and fits with current regulatory practices, a critical accelerator for adoption. Automated analysis eliminates error-prone manual steps and saves labor; rapidly detecting contamination enables manufacturers to reduce inventory carrying costs, shorten manufacturing cycle time, and reduce product losses, delivering significant cost savings and increased operational efficiency. -
Website
http://www.rapidmicrobio.com/ -
Transaction Type
Venture Equity -
Transaction Amount
$18,600,000 -
Transaction Round
Series A -
Proceeds Purposes
Rapid Micro Biosystems will use the financing to expand its market presence and current product portfolio. -
M&A Terms
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Venture Investor
Kleiner Perkins Caufield & Byers -
Venture Investor
Quaker BioVentures -
Venture Investor
TVM Capital -
Venture Investor
VIMAC Ventures
