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CHICAGO – A month ago, Lifebit Biotech announced that it had closed a £6 million ($7.4 million) Series A funding round. Idinvest Partners led the round, with participation from previous investors Pentech Ventures, Beacon Capital, and Connect Ventures. 

London-based Lifebit said that it will use the cash infusion for continued product development, and to expand its global reach. Now, the company mostly has clients in Europe and the US.

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