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GeneOhm Completes $14M Second Closing of Series C; Round Now Totals $26M

NEW YORK, Jan. 18 (GenomeWeb News) - GeneOhm Sciences has raised $14 million in a second closing of a Series C venture capital financing round.

 

The San Diego-based firm, which develops tools for molecular diagnostic applications, completed a $12 million first closing of the Series C late last year when it merged with Infectio Diagnostic.

 

New investors Kaiser Permanente Ventures, QuestMark Partners, and Posco Bioventures participated in the financing round along with existing investors Domain Associates, SGF Sante, CHL Medical Partners, CB Health Ventures, and CDIB.

 

GeneOhm said the funds would be used to accelerate commercialization of its molecular diagnostics technology for infectious disease pathogens, genetic mutations linked to inherited diseases, and oncology.

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