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Financing

GlucoLight Corporation Raises First Tranche of $8 Million ''C'' Round

Published in Drug Law Weekly, April 3rd, 2007

GlucoLight Corporation, a development-stage company focused on blood glucose monitoring in the acute care environment, announced the closing of a $2 million first tranche of "C" round financing, with the second tranche expected to close in late 2Q 2007.

The financing was led by Matignon Technologies, a venture fund located in Paris, France. Ben Franklin Technology Partners of Northeastern Pennsylvania, a state-funded economic development organization that links early-stage companies with funding and other resources to help them prosper through innovation also participated in the round. Other individual investors participated including both current shareholders and new...

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