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February 11, 2013

Deal Alert: Burrill & Co. invests in bioinformatics firm Strand Life Sciences

San Francisco-based Burrill & Company has completed a Series B round of financing in Bangalore-based Strand Life Sciences

Burrill, a diversified global financial services firm focused on the life science industry, is the sole investor in this round, which included both a primary investment and a secondary buyout of the lead Series A investors. The fresh infusion will be used to expand the company’s presence in precision diagnostics and reach into global markets.

From the Venture Intelligence PE Deal database: Strand had raised $2.7 M from UTI Ventures in Nov-01, and $1.9 M from Sequoia in Sep-02.

Source: Press Release

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