BioNanomatrix raises $24 million Series B - Technical.ly Philly

Growth

BioNanomatrix raises $24 million Series B

Welcome to the VC Round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line. DEFINITE READS Nearly a year after its last investment, BioNanomatrix […]

Welcome to the VC Round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.

DEFINITE READS

Nearly a year after its last investment, BioNanomatrix has raised nearly $24 million dollars in a Series B round.

Kerry Rupp of DreamIt Ventures sits down for a five page interview with Irina Patterson and Praveen Karoshi. It’s a must read for anyone that is considering applying to the Fall edition of DreamIt here in Philadelphia.

GigaOm and the Wall Street Journal both have a take on the huge GSI Commerce deal that went down yesterday. Of interest to VC Roundup readers is WSJ, which notes that GSO recently acquired Rue La La, whose investors will be receiving another payout from the eBay deal.

MIGHT BE WORTH YOUR TIME

First Round Capital has re-upped its investment in 33Across’ $9 million Series B round.

GIVE A GLANCE

According to a press release, Safeguard Scientifics completed the repurchase of nearly all of the outstanding balance of $31.3 million-worth of 2.625 percent convertible senior subordinated notes due 2024 at face value. We’d be lying if we said we know what this meant.

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According to an amended Form D, Fishtown-based Zecozi has raised an addition $100,000 in its previous round.

Andrew Technologies, a Haddonfield-based early stage medical device company working to develop surgical instruments has raised nearly $7 million according to a Form D filing.

Companies: BioNanomatrix, Zecozi
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