Monday, June 11, 2007

GenVault Ups Round

Carlsbad-based GenVault, a company developing technology that allows biological samples to be stored at room temperature, announced Monday that it has added $1.5M in venture capital funding to the firm's recently announced round. The additional funding came from Cross Creek Capital, an affiliate of Wasatch Advisors, Inc. The new funding will go towards development and marketing of its products. The capital brings the company's recent venture raise to $19.5. Other previously disclosed investors in this round include QuestMark Partners and Domain Associates. More information »

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