Tech Company Financing Transactions
Advanced Animal Diagnostics Funding Round
Advanced Animal Diagnostics, based in Morrisville, secured $6 million in investment from Intersouth Partners and Novartis Venture Fund.
Transaction Overview
Company Name
Announced On
4/11/2013
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series B
Investors
Intersouth Partners (James Rosen)
Novartis Venture Fund (Simon Wheeler)
Proceeds Purpose
Funds will be used to launch AAD's Qscout� automated on-farm lab system and Qscout� MLD rapid on-farm test for mastitis in dairy cows. Proceeds will also develop new tests to detect disease-causing pathogens in hours instead of days required by current tests.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
633 Davis Dr. 460
Morrisville, NC 27560
USA
Morrisville, NC 27560
USA
Phone
Website
Email Address
Overview
We provide the information that counts. Our rapid, on-farm diagnostics provide livestock producers with information they need to make informed management and treatment decisions. Through accurate, onsite disease detection, producers can provide more precise animal care and meet the growing global demand for quality protein.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joy Drach
Chief Scientific Officer
Rudy Rodriguez
VP - Marketing
Mitchell Hockett
VP - R & D
Jasper Pollard
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