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

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fbf15ede-b536-4299-b647-8abb112f426f&Preview=1
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