University of Rochester Medical Center Startup Lands $5M in Funding
Monday, March 21, 2016
Source: Democrat & Chronicle
A University of Rochester Medical Center startup that makes biosensors has landed millions in funding from outside of New York.
Adarza BioSystems of West Henrietta has gathered $5 million in venture capital. Adarza will use the money to expand its manufacturing facility in St. Peters, Missouri, launch its first product and further development a second product.
The $5 million comes from a combination of Cultivation Capital's life science fund and Lewis & Clark Ventures, both of St. Louis, as well as the venture capital arm of Siemens, the German electronics and electrical engineering company.