eBioinformatics Will Put $10 Million Toward Efforts to Reach Customers

With money brought in through a second financing round last month, eBioinformatics will expand sales and marketing efforts to put its name on the map and to distinguish itself from its competitors, namely DoubleTwist and Compugen s LabOnWeb. The company raised $10 million venture capital equity financing from three new investors--Colonial First State Private Equity, International Biotechnology Trust, CSL Limited--and several returning investors--Rothschilds Australian Bioscience Trust, Allen & Buckeridge, and 3iBioscience Investment Trust--each of whom participated in the company s first round that brought in $2.5 million last year.

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