Tech Company Financing Transactions
NuGEN Technologies Funding Round
NuGEN Technologies, based in San Carlos, scored $3 million from Hercules Technology Growth Capital.
Transaction Overview
Company Name
Announced On
4/23/2007
Transaction Type
Debt
Amount
$3,000,000
Round
Undisclosed
Investors
Hercules Technology Growth Capital (Kathy Conte)
Proceeds Purpose
"The venture debt financing from Hercules will facilitate further development of new products and increase NuGEN's marketing efforts for existing products, such as the Ovation(TM) Whole Blood Solution and the soon to be released WT-Ovation(TM) FFPE System. This new system allows researchers to access precious RNA from formalin fixed paraffin embedded (FFPE) samples that have previously been inaccessible for global gene expression analysis and hold critical biological information for cancer and other significant areas of research," said Elizabeth Hutt, chief executive officer of NuGEN.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
201 Industrial Rd. 310
San Carlos, CA 94070
USA
San Carlos, CA 94070
USA
Phone
Website
Email Address
Overview
NuGEN Technologies, Inc., headquartered in San Carlos, California, USA, is a privately held company focused on the development and commercialization of high sensitivity amplification and detection systems for the analysis of nucleic acids and proteins.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elizabeth Hutt
Chief Financial Officer
Dan Benetz
VP - Marketing
Alan Dance
VP - R & D
Douglas Amorese
VP - Sales
Armin Winands
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