AnaBios Raises $800K From Angels

4/4/11Follow @bvbigelow

San Diego-based AnaBios, a contract research organization that deploys assays and develops databases to assess drug safety and efficacy, says it has closed on $800,000 of a planned $2 million Series A investment round led by the Tech Coast Angels. The Tech Coast Angels-affiliated Angel Capital Entrepreneur (ACE) Fund also is participating. In a statement today, AnaBios says a portion of the proceeds will be used to fund a new laboratory facility for the company in San Diego.

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

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