Email Newsletters

CT lifts 3-yr.-old CyVek stake to $1.7M

Wallingford bioscience firm CyVek Inc. pried another $481,390 from Connecticut’s technology promoter, raising the state’s stake to more than $1.7 million in three years.

Connecticut Innovations Inc. in Rocky Hill said Monday its latest stake is part of a $5.5 million series D funding round involving other CyVek investors.

Last May, CyVek got $3 million more from investors — including $445,683 from Connecticut — to refine its specialized tool for analyzing patient blood samples.

In May 2010, CI pumped $802,000 into CyVek as part of $4 million financing round that involved the same unidentified investors.

ADVERTISEMENT

CI has a seat on CyVek’s board.

Close the CTA

December Flash Sale! Get 40% off new subscriptions from now until December 19th!