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Miles
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Immune Design Corporation Rakes in Another $11 Million from Prior VC Round


10/6/2011 8:45:12 AM

Seattle-based Immune Design has quietly pulled in another $11 million in venture capital. That new cash represents the second installment of a Series B financing that the company announced last July, when it was said to be worth as much as $32 million total. Immune Design, the developer of new vaccine technology, disclosed the new financing in a regulatory filing that has been updated to say the Series B round could be worth as much as $34 million over time. Last July, the company pulled in $12 million, and now it has boosted the total financing up to $23.4 million in this round, according to the filing. The company didn’t issue a press release on the financing, but CEO Carlos Paya confirmed that the financing comes as a second tranche of the Series B financing. To date, Immune Design has pulled in $41.4 million between its first two rounds of venture capital.

Read at Xconomy

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