Good Start Genetics Obtains $18,000,000 Series A Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9304c337-2cda-49bd-a12f-51a56589555c&Preview=1
Date
9/10/2010
Company Name
Good Start Genetics
Mailing Address
8 St. Mary’s Street Boston, MA 02215
Company Description
Good Start Genetics’ advanced DNA sequencing technology is designed to deliver a higher detection rate and improved clinical performance compared to currently available screening methods.
Website
http://www.goodstartgenetics.com
Transaction Type
Venture Equity
Transaction Amount
$18,000,000
Transaction Round
Series A
Proceeds Purposes
The proceeds of this financing will be used to complete the development and launch of the Company’s pre-pregnancy genetic test, which utilizes advanced DNA sequencing technology to screen for a panel of genetic disorders including those recommended by the American Congress of Obstetricians and Gynecologists (ACOG) and the American College of Medical Genetics (ACMG).
M&A Terms
Venture Investor
OrbiMed
Venture Investor
Safeguard Scientifics
Venture Investor
SV Life Sciences