Tech Company Financing Transactions
Progenity Funding Round
Athyrium Opportunities Fund and private investors participated in a $125 million Series B capital raise for Progenity. The funding round was announced on 11/9/2017.
Transaction Overview
Company Name
Announced On
11/9/2017
Transaction Type
Venture Equity
Amount
$125,000,000
Round
Series B
Investors
Athyrium Opportunities Fund (Lead Investor) (Jeffrey Ferrell)
Proceeds Purpose
The net proceeds from this financing will be used to accelerate development of our transformative gastrointestinal (GI) platform targeting diagnostics and therapeutics for the GI tract, including precision molecular diagnostics tools, precision therapeutics, microbiome analytics, and consumer health nutrition. In addition, the proceeds will be used to enhance our menu and service offerings to our physician clients in the Prenatal and broader Women's Health market on a national scale.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
5230 S. State Rd.
Ann Arbor, MI 48108
USA
Ann Arbor, MI 48108
USA
Phone
Website
Email Address
Not Recorded
Overview
Progenity (Nasdaq: PROG) is a CLIA-accredited laboratory and is accredited by the College of American Pathologists (CAP). We operate across the United States.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Harry Stylli
Chief Financial Officer
Eric d'Esparbes
Chief Information Officer
Troy Seelye
Chief Operating Officer
Damon Silvestry
Chief Scientific Officer
Matthew Cooper
VP - Bus. Development
Sami Shihabi
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We report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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