UK lab-in-a-bead co attracts £2m-plus investment:
This article was originally published in Clinica
Cardiff, UK-based start-up Q Chip, which is developing its ReaX portfolio of customised bead-based, ready-assembled reagents for simplified and accurate DNA testing, has clinched over £2m ($4m) in it latest fundraising round. The proceeds will be used to accelerate product development, sale and marketing activities and expand the company's production capacity. The financing came from new investors Forum des Entrepreneurs (Geneva, Switzerland), the Sustainable Technology Fund and Finance Wales (both UK-based). Existing shareholders E-Synergy's Early Growth Fund, Biofusion and Jon Moulton (managing partner of private equity firm Alchemy Partners) also participated in the round.