BioStorage Tech raises $8M for specimen and tissue management
Indianapolis-based BioStorage Technologies, a provider of biological-material storage services, raised $8.3 million in a first round of funding. The company’s statement is here (PDF).
BioStorage claims to be a “worldwide leader” in the outsourced storage and management of all manner of biological materials, ranging from tissue, bone and blood samples to forensics material to manufactured biological products. It initially raised $5 million (PDF) in its first round last August, then added a second tranche in late 2006. The round was led by Radius Ventures, joined by Spring Mills Venture Partners, Village Ventures, and Twilight Venture Partners.
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About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.