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NuGen Technologies Raises $7.8M in VC Financing; Mike Hunkapiller Joins Board

NEW YORK, March 21 (GenomeWeb News) - NuGen Technologies said today that it has raised $7.8 million in private-equity funding.

 

The company will use the money to accelerate its technology development and expand global distribution for its RNA amplification and detection systems for gene expression research, NuGen said.

 

Alloy Ventures led the financing round, and existing NuGen investors Sutter Hill Ventures, Radius Ventures, and The Band of Angels also participated.

 

NuGen also said that Michael Hunkapiller, former president and general manager of Applied Biosystems, Celera founder, and Applera senior vice president, has joined the company's board of directors.

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