Lab901 Raises $4M in Equity Funding

Sep 08, 2009

NEW YORK (GenomeWeb News) – Scottish DNA analysis firm Lab901 has raised £2.4 million ($4 million) in equity funding from a group of UK investors, the company said today.

Lab901 plans to use the financing to expand international sales of its ScreenTape analysis platform and to continue to develop its products.

The new funding came from Archangel Informal Investment, Alliance Trust Equity Partners, Scottish Enterprise, Foresight 3 VCT, and TriCapital.

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