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Innovative Biosensors Nets $3.5M in Series A to Develop Pathogen Detectors

May 27, 2005

NEW YORK, May 27 (GenomeWeb News) - Innovative Biosensors has raised $3.5 million of venture capital in a Series A round, the College Park, Md.-based company said yesterday.

 

The company, founded in 2003, uses technology licensed from the Massachusetts Institute of Technology to develop sensitive and fast pathogen detectors for food testing and clinical diagnostics.

 

Harbert Venture Partners led the financing round and was joined by New Markets Growth Fund and the Maryland Venture Fund.

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