Castle Biosciences Lands $14,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cad9b8e5-b8d5-4d97-9b11-d4fb69d44395
Date
3/28/2016
Company Name
Castle Biosciences
Mailing Address
2014 San Miguel Drive Friendswood, TX 77546 USA
Company Description
Castle Biosciences offers diagnostic tests that provide actionable, tumor-specific information for improved treatment decisions and patient outcomes.
Website
http://www.castlebiosciences.com
Transaction Type
Debt
Transaction Amount
$14,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new $14 million overall facility refinances the existing $6 million growth term loan, adding $2 million in new growth capital and a new $5 million accounts receivable revolver.
M&A Terms
Venture Investor
Silicon Valley Bank