Nexus Biosystems Raises $5M

Bruce V. Bigelow7/9/09

Nexus Biosystems, a four-year-old biotech tools maker in Poway, CA, has raised $5 million in venture funding from Telegraph Hill Partners, a private equity firm based in San Francisco, according to a regulatory filing. Nexus CEO John Lillig, who declined to comment on the filing, told me the company specializes in making automated sample storage and retrieval systems capable of holding millions of compounds. In a statement, Nexus says the funding will be used to accelerate the commericalization of several new products, including a family of machines that store samples at minus-80 degrees Celsius.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788