RainDance Technologies Lands $20,000,000 Series E Financing Round

  • Feed Type
  • Date
    4/29/2013
  • 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.raindancetech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series E
  • Proceeds Purposes
    RainDance will use the proceeds of this financing to drive global expansion of its products: the ThunderStorm system for targeted next-generation sequencing, and the recently launched RainDrop digital PCR system for ultra-sensitive multiplexed quantitative detection of circulating nucleic acids. In addition, the financing enables the company to substantially expand its commercial operations and manufacturing capacity, including relocation of the company headquarters to a new facility in mid-2013.
  • M&A Terms
  • Venture Investor
    Myriad Genetics
  • Venture Investor
    Mohr Davidow Ventures
  • Venture Investor
    Quaker Partners
  • Venture Investor
    Acadia Woods Ventures
  • Venture Investor
    Alloy Ventures
  • Venture Investor
    Undisclosed

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