Monday, November 9, 2009

Labcyte Gets $5.5M In Venture Debt

Sunnyvale-based Labcyte, a developer of liquid handling equipment and lab instrumentation, has raised $5.5M in a venture debt funding. According to funding firm Hercules Technology Growth Capital, it provided the $5.5M as a credit facility to LabCyte. Terms of that credit facility were not disclosed.