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Protein-diagnostics company completes $3.9 million series A funding round

Published in Proteomics Weekly, December 12th, 2005

QuadraSpec Inc. announced that it has closed a $3.9 million series A round of venture financing that will allow the company to further develop its patented BioCD.

The investor leading this round is Carmel-based Spring Mill Venture Partners, with Massachusetts-based Village Ventures as a coinvestor. As part of the financing, Ken Green, MD, managing partner of Spring Mill Ventures, has joined QuadraSpec's board of directors. All other investors in this round are individuals from Indiana.

The majority of the funds will be used to build QuadraSpec's manufacturing capabilities and to further develop a device that has the ability to perform advanced blood...

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