Tribogenics Receives $2,500,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7bb4751b-e9da-4a7d-ba6c-a0b54f3fdf71&Preview=1
Date
12/7/2011
Company Name
Tribogenics
Mailing Address
4040 Del Rey Avenue Marina Del Rey, CA 90292
Company Description
Tribogenics patented technology enables portable, compact x-ray solutions for applications in precious metal, mining, military, medical imaging, security and other industries. By miniaturizing X-ray sources and eliminating the need for high voltage.
Website
http://www.tribogenics.com
Transaction Type
Venture Equity
Transaction Amount
$2,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The funds will be used to commercialize a disruptive new X-ray technology discovered at UCLA and funded by DARPA and other agencies.
M&A Terms
Venture Investor
Flywheel Ventures
Venture Investor
Undisclosed