Quantapore Obtains $35,000,000 New Financing

  • Feed Type
  • Date
    5/22/2014
  • Company Name
    Quantapore
  • Mailing Address
    1455 Adams Drive Menlo Park, CA 94025 USA
  • Company Description
    Quantapore Inc. is developing a novel, nanopore based nucleic acid sequencing technology. Unlike other nanopore approaches, Quantapore utilizes an optical read out which results in lower cost and higher throughput compared to electrical data acquisition. Our proprietary sequencing technology will also eliminate other bottlenecks associated with today’s sequencing technologies, namely laborious sample preparation and short read length.
  • Website
    http://www.quantapore.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $35,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The cash will help Quantapore expand from four employees to as many as 12 over the next year.
  • M&A Terms
  • Venture Investor