ARTICLE | Financial News

BioNano raises $53M in series C

November 21, 2014 2:56 AM UTC

BioNano Genomics Inc. (San Diego, Calif.) raised $53 million in an untranched series C round led by new investors Legend Capital and Novartis Venture Fund. Other new investors included Federated Kaufmann Fund and Monashee Investment Management. Existing investors Domain Associates; Battelle Ventures; and Gund Investment also participated.

BioNano sells the Irys genome mapping system, which uses single molecule imaging to visualize long nucleic acids, allowing researchers and clinicians to detect structural variations. ...