Genologics quietly adds $5 Million in VC Funds

Posted by Rob Lewis

genologicsVictoria's Genologics quietly completed their 3rd round round of financing late last month adding another $5 Million which will be applied towards ongoing expansion plans.

This latest round of financing was led by OVP Venture Partners of Seattle with support from Yaletown Venture Partners and Growthworks Capital of Vancouver. Since 2005, the privately-held GenoLogics has attracted more than $17.5 Million in investment from leading venture capital funds and strategic partners.

GenoLogics also benefits from the involvement of several of North America's most accomplished life science and technology executives as angel investors including Tech veteran Don Listwin.

Not bad for a startup that came 2nd in the 2003 New Ventures BC competition.

Company:
Yaletown Venture Partners
Website:
http://www.yaletown.com
Location:
Vancouver, British Columbia, Canada

Based in Vancouver, British Columbia, Yaletown Venture Partners is a venture capital firm that invests time and money in seed and early-stage technology and clean-tech companies. Yaletown focuses on Western Canadas vibrant Energy Technology and Information Technology and Clean-tech clusters. Yaletown is backed by some of Canadas largest pension funds and financial institutions, all of which have a long-term... more

Company:
GenoLogics Life Sciences Software Inc.
Website:
http://www.genologics.com
Location:
Victoria, British Columbia, Canada

GenoLogics is a genomics LIMS software company servicing the life sciences market. The company’s flagship product, the GenoLogics LIMS, was designed specifically to meet the unique challenges of the next-generation genomics laboratory. Today, GenoLogics is well positioned to meet the future information management needs of the next-generation genomics lab with a LIMS that delivers a useable, scalable and adaptable... more

Company:
GrowthWorks Capital
Website:
http://www.growthworks.ca/vc/
Location:
Vancouver, British Columbia, Canada

GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture capital funds. GrowthWorks has combined assets under management of more than $800 million. Rolf Dekleer joined GrowthWorks in 2000, bringing eighteen years of operating experience in the technology sector with Cymbolic Sciences, MacDonald Dettwiler, Agilent... more

Company:
New Ventures BC Society
Website:
http://www.newventuresbc.com/
Location:
Vancouver, British Columbia, Canada

Turn your idea into a profitable company by entering the New Ventures BC competition. A "new venture" is a business idea that is economically viable, but has not yet secured significant financing from "outside investors" (ie. investors other than friends, family, and company founders). It must be an innovative product or service involving a new technology. The competition will give you the opportunity to: Join... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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