Genalyte Secures $44,000,000 Series C Financing

  • Feed Type
  • Date
    8/19/2015
  • Company Name
    Genalyte
  • Mailing Address
    10520 Wateridge Circle San Diego, CA 92121 USA
  • Company Description
    Over the past three years the team’s mission has been to develop instrument systems, hardware, software and consumables, making multiplex protein and nucleic acid testing from a single sample the standard in the Research, Life Science and Clinical Diagnostic market.
  • Website
    http://www.genalyte.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $44,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The company intends to utilize the funding to refine the existing Maverick platform for the physician office setting, and to perform the clinical studies required to prove the accuracy of the device and suitability for use in a near-patient setting.
  • M&A Terms
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Redmile Group
  • Venture Investor
    Claremont Creek Ventures
  • Venture Investor
    BioMed Ventures

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