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ARTICLE | Financial News

10x Genomics raises $125M in series D, credit facility

April 26, 2018 6:36 PM UTC

10x Genomics Inc. (Pleasanton, Calif.) raised $50 million in an untranched series D round led by new investor Meritech Capital Partners. New investor Wells Fargo Strategic Capital also participated, as did existing investors Paladin Capital, Fidelity and SoftBank.

10x also obtained a $75 million credit facility with Silicon Valley Bank. Chief Commercial Officer Brad Crutchfield declined to disclose additional details about the credit. He predicted that 10x's business would double this year and said he does not believe the company will need additional financing...

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10x Genomics Inc.