Xconomy Boston

MicroCHIPS Receives $16,500,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbd29c31-49f9-467e-93bb-3db93c95c824&Preview=1
Date
1/7/2010
Company Name
MicroCHIPS
Mailing Address
6B Preston Court Bedford, MA 01730
Company Description
Microreservoirs are the core of our technology. Reservoirs can be incorportated into standalone devices that look like microchips, or they can be incorporated into an existing product to make it better. In all cases, reservoirs are at the center of our business.
Website
http://www.mchips.com
Transaction Type
Venture Equity
Transaction Amount
$16,500,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes from the funding round were not disclosed.
M&A Terms
Venture Investor
InterWest Partners
Venture Investor
Polaris Venture Partners
Venture Investor
Novartis Venture Fund
Venture Investor
Flybridge Capital Partners
Venture Investor
Medtronic
Venture Investor
Saints Capital
Venture Investor
Intersouth Partners
Venture Investor
Care Capital
Venture Investor
Undisclosed