Tech Company Financing Transactions
Quantapore Funding Round
Quantapore, based in Menlo Park, secured $15.6 million from Northern Light Venture Capital, Baidu Venture Capital and Cloudstone Venture.
Transaction Overview
Company Name
Announced On
7/19/2018
Transaction Type
Venture Equity
Amount
$15,550,000
Round
Undisclosed
Investors
Northern Light Venture Capital (Lead Investor) (Feng Deng)
Proceeds Purpose
The current funding will be used to advance Quantapore's technology to beta units for deployment to select, early-adopters in industry and academia. During the next several months the Company will be hiring additional software and hardware staff to accelerate product development.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
1455 Adams Dr. 1081
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Website
Email Address
Overview
Quantapore Inc. is developing a novel, nanopore based nucleic acid sequencing technology. Unlike other nanopore approaches, Quantapore utilizes an optical read out which results in lower cost and higher throughput compared to electrical data acquisition.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Martin Huber
Chief Financial Officer
Deryl Banks
President
Sascha Dennstedt
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