Strand Diagnostics Obtains $30,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bdc934d1-a280-40c3-93bc-6bfa714f9485&Preview=1
Date
4/5/2012
Company Name
Strand Diagnostics
Mailing Address
5770 Decatur Blvd Indianapolis, IN 46241
Company Description
Strand Diagnostics develops and markets the know error® system which uses bar coding, forensic principles and DNA matching to confirm that surgical biopsy samples being evaluated belong to the patient being diagnosed.
Website
http://www.knowerror.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding, dispersed over the next three years, will be used for growth and sales and marketing efforts, the company said Wednesday.
M&A Terms
Venture Investor
NantWorks