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GenoLogics Raises $5M in Series A, Plans to Expand Bioinformatics Platform for Proteomics

NEW YORK, Feb. 3 (GenomeWeb News) - GenoLogics Life Sciences has raised $5 million in venture capital in a Series A funding round, the Victoria, Canada-based company said today.

 

GenoLogics plans to use the funding to expand its sales and marketing, product development, and corporate development. The company's first product is an open bioinformatics platform for proteomics research.

 

The financing was led by OVP Venture Partners of Seattle and Yaletown Venture Partners of Vancouver. Working Opportunity Fund, managed by Growth Works Capital of Vancouver, also participated in the round.

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