BioCentury
ARTICLE | Financial News

BioMotiv raises $25 million

August 6, 2013 12:00 AM UTC

BioMotiv LLC (Cleveland, Ohio) raised $25 million in a second close of a venture round, bringing the total raised in the financing to $46 million. New investor Nationwide Mutual Insurance Company participated, along with undisclosed new individual investors. BioMotiv raised $21 million in the round from founding investors University Hospitals and the Harrington family last September. The company, which debuted last June, is aiming to raise $100 million. Nationwide will appoint a representative to BioMotiv's board. ...