Raindance Technologies Obtains $37,500,000 Series D Round

  • Feed Type
  • Date
    1/25/2011
  • Company Name
    Raindance Technologies
  • Mailing Address
    44 Hartwell Avenue Lexington, MA 02421
  • Company Description
    RainDance Technologies, Inc. (RDT) is a nanotechnology company devoted to developing, and commercializing the Personal Laboratory System, a platform for droplet-based microfluidics.
  • Website
    http://www.raindancetechnologies.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $37,500,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    RainDance will use the funding to drive new applications for its commercial targeted sequencing and sequence enrichment solution in the medical genetics and research markets, as well as grow the Company’s global sales and support infrastructure. In addition, RainDance will use this funding to develop and commercialize industry-leading products for single molecule digital PCR and single cell analysis.
  • M&A Terms
  • Venture Investor
    Quaker BioVentures
  • Venture Investor
    Mohr Davidow Ventures
  • Venture Investor
    Acadia Woods Ventures
  • Venture Investor
    Alloy Ventures

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