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Genapsys Lands New Venture Capital Equity

Monday, March 25, 2013 5:32:00 AM PDT | VentureDeal

   Redwood City, California  --  Biotechnology company Genapsys has secured $8.5 million in new venture capital equity financing, according to an SEC filing.

Genapsys is developing what it calls "cost disruptive, easy to use genomic diagnostic systems... that deliver 100x improvement in cost and speed."

Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

Genapsys is still seeking $5 million in additional financing, according to the filing.

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