NanoDetection Technology Nabs $2.3 Million Series A Round
Published: Jul 29, 2011
The Franklin medical testing startup has closed on a $2.3 million round that included CincyTech and 20 other investors, mostly individuals.
Ivers had to ask shareholders and the board for approval to accept the full sum, since it exceeded the planned amount.
“They agreed,” he said. “I’m told it’s rare to be oversubscribed like that.”
The money will help NanoDetection continue developing a testing technology for use in health care and other settings. A portable electronic unit will accept ...