GenTel BioSciences Raises $2M in Latest Financing Round | GenomeWeb

GenTel BioSciences Raises $2M in Latest Financing Round

Feb 20, 2007

NEW YORK (GenomeWeb News) — GenTel BioSciences today said it has completed a round of financing worth $2 million.

GenTel CEO Alex Vodenlich said in a statement that the funding was “critical” and that the company had raised $500,000 more than initially anticipated.

The company did not discuss how it would spend the cash.

The investment was led by NEW Capital Fund and Wisconsin Investment Partners, both Wisconsin-based investors with an interest in the life sciences industry.

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