Avelas Biosciences Secures $7,650,000 Series A Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c89042f-0781-48f3-9d25-d74f212f05e2&Preview=1
Date
12/7/2012
Company Name
Avelas Biosciences
Mailing Address
11099 N. Torrey Pines Road La Jolla, CA 92037
Company Description
At Avelas Biosciences, our mission is to advance a new standard-of-care in cancer surgery by providing a real time luminous map for oncologic surgeons, leading to improved surgical results and better outcome for patients.
Website
http://www.avelasbio.com
Transaction Type
Venture Equity
Transaction Amount
$7,650,000
Transaction Round
Series A
Proceeds Purposes
Avelas will use the funding to advance the Avelas Cancer Illuminator (ACI) towards clinical studies for the visualization of cancerous lymph nodes in breast cancer patients.
M&A Terms
Venture Investor
Avalon Ventures