RainDance Raises $37.5M
Gregory T. Huang1/25/11
Lexington, MA-based RainDance Technologies, a maker of genomic research tools, said today it has closed a $37.5 million Series D financing round co-led by new investor Quaker BioVentures and existing investor Mohr Davidow Ventures. Previous investors Alloy Ventures and Acadia Woods also participated in the round. RainDance, founded in 2004, has developed a system that can conduct thousands of DNA experiments per second, contained in ultra-tiny fluid droplets. The company is led by CEO Roopom Banerjee, who came on in early 2010.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
DNA Sequencing Company RainDance Technologies Raises $37.5 Million In Series D
1/27/11 10:44 pm
[...] Technologies is a DNA sequencing company that has raised $37.5 million in Series D funding. This round of funding was co-led by Quaker BioVentures and Mohr Davidow [...]