Advanced Animal Diagnostics Garners $6,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22b01900-ab67-48a3-842e-e7af1659ad4f
Date
4/11/2013
Company Name
Advanced Animal Diagnostics
Mailing Address
635 Davis Drive Morrisville, NC 27560 USA
Company Description
Advanced Animal Diagnostics (AAD) is an innovative company designed to enhance the profitability of livestock production and ensure a safe, abundant supply of animal protein by developing highly accurate, rapid diagnostics to detect and manage disease states, reproductive, nutritional and overall health status of production animals.
Website
http://www.advancedanimaldiagnostics.com
Transaction Type
Venture Equity
Transaction Amount
$6,000,000
Transaction Round
Series B
Proceeds Purposes
Funds will be used to launch AAD’s Qscout™ automated on-farm lab system and Qscout™ MLD rapid on-farm test for mastitis in dairy cows. Proceeds will also develop new tests to detect disease-causing pathogens in hours instead of days required by current tests.
M&A Terms
Venture Investor
Venture Investor