Molecular Detection Raises $1.4M in Follow-on Funding | GenomeWeb

Molecular Detection said today that it has raised $1.4 million as a follow-on to a $3.3 million Series C financing round announced in late 2009.

Molecular Diagnostics, or MDI, said it will use the funding to further develop its pipeline of qualitative real-time PCR in vitro diagnostic tests for infectious diseases.

MentorTech Ventures II led the follow-on financing, which also included Robin Hood Ventures, Elm Spring Holdings, and the Mid-Atlantic Angel Group Fund I and II, all of which are previous investors in MDI.

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