Rapid Micro Biosystems Lands $19,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de884ee5-fc85-4235-be42-7ee02e2c99f2
Date
12/15/2014
Company Name
Rapid Micro Biosystems
Mailing Address
1001 Pawtucket Blvd West Lowell, MA 01854 USA
Company Description
Rapid Micro Biosystems is providing innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products.
Website
http://www.rapidmicrobio.com
Transaction Type
Debt
Transaction Amount
$19,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.
M&A Terms
Venture Investor