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T2 Biosystems brings in $15mm through its Series C round

Executive Summary

T2 Biosystems Inc. (rapid molecular testing using nanotechnology and miniaturized magnetic resonance) has raised $15mm through its Series C financing led by first-time backer Physic Ventures, which adds a board member. Other new investors Arcus Ventures, RA Capital, Camros Capital, and WS Investments were joined by returning shareholders Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, and Partners Healthcare. The company will use the money for ongoing development and the eventual commercialization of its next-generation diagnostic platform for use in a decentralized setting. T2 Biosystems' October 2008 Series B round generated $10.8mm.
Deal Industry
  • In Vitro Diagnostics
  • Medical Devices
    • Diagnostic Imaging Equipment & Supplies
      • MRI, NMR
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
    • Saliva-based Testing
    • Urine-based Testing
  • Biotechnology
    • Nanotechnology, Chips, etc.
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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