Labcyte Secures $7,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3b3e9d72-3dfe-4854-9219-059de0fcb31b
Date
5/13/2015
Company Name
Labcyte
Mailing Address
1190 Borregas Avenue Sunnyvale, CA 94089 USA
Company Description
The Labcyte acoustic liquid handling technology has broad applications in the life sciences including dispensing equipment, assay systems, particle manufacturing, microarrays, and living cell transfer devices.
Website
http://www.labcyte.com
Transaction Type
Debt
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds of the loan will be used to support Labcyte’s research and development efforts and the expansion of its worldwide business.
M&A Terms
Venture Investor
Venture Investor