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Aviir Books $30 Million VC Investment

Wednesday, December 21, 2011 5:31:00 AM PDT | VentureDeal Staff

Palo Alto, California  --  Biotechnology company Aviir has garnered $30 million in a new round of institutional venture capital investment.

Aviir has built what it calls "cutting-edge, convenient diagnostic tests enabling accurate diagnosis and prognosis of cardiovascular disease."

Investors in the round included Merck, Bay City Capital, New Leaf Venture Partners and Aberdare Ventures.

The company said it would use the funding proceeds to continue to commercialize its proprietary cardiac risk assessment technology.

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