2003 NVBC competition 2nd Place finisher GenoLogics has raised $1 Million of equity financing out of a round that could be worth $1.5 million.
The private Victoria-based company develops and markets lab and scientific data-management software to academic institutions, medical centres and pharmaceutical and biotechnology research facilities across North America and Europe.
GenoLogics entered the 2003 competition with two full-time employees and six co-op students. Today, the company has 67 employees worldwide and expects to hire an additional six to seven employees this year.
GenoLogics has raised a total of $18 million in venture capital since inception.