Financing
Surface Logix Inc. Raises $20 Million in Second Tranche of Series D Financing
Published in Medical Verdicts and Law Weekly, April 19th, 2007
Surface Logix Inc. announced that it has closed on $20 million in a second tranche of the Company's Series D financing. The first close for this round took place in October 2005 and brought in proceeds of $32 million. The additional funds bring the total proceeds for the round to $52 million. Participants in the round included current Surface Logix investors, Venrock Associates, ARCH Venture Partners, CW Group, HBM BioVentures, Unilever Technology Ventures and others.
"We are grateful for the strong support from our investors, and based on the significant progress we made over the last 18 months, we were able to raise twice the amount originally anticipated for this...
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