Hamilton Thorne Raises $2.2M

11/10/09

Beverly, MA-based Hamilton Thorne, which makes laser equipment used in stem-cell research labs and fertility clinics, has raised $2.2 million in a private stock placement and debt conversion deal, according to an announcement released last week. A the same time, the company, which recently completed a merger with Ottawa, Ontario-based Calotto Capital, will soon be listed on the TSX Venture Exchange, a Canadian stock exchanged headquartered in Calgary, Alberta. Meg Spencer, Hamilton Thorne’s CEO, said in a press release that joining the TSX will give the company—which had previously raised about $13 million in venture backing from Brook Venture Partners and StarLake Capital—access to “a larger pool of capital to further advance our commercialization strategy.”

Wade Roush is a contributing editor at Xconomy. Follow @

By posting a comment, you agree to our terms and conditions.