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Auxogyn Accepts $20 Million VC Financing

Friday, February 03, 2012 5:40:00 AM PDT | VentureDeal Staff

Menlo Park, California  --  Biotechnology company Auxogyn has announced the close of $20 million in first-round venture capital investment.

Auxogyn has developed a system designed to "assist reproductive specialists in improving the percentage of in vitro fertilization procedures that result in a live birth."

Investors in the round included Kleiner Perkins Caufield & Byers, TPG Biotech and Merck Serono Ventures.

The company will use the financing to continue its clinical study efforts.

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