OVP participates in Complete Genomics $45 million round |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Zillow, tech groups join companies heading to the White House
- One reporter joins TechFlash, and another takes vacation
- Fannie Mae expands online sales
- More turmoil for Yahoo: Chairman steps down
- TechNet study: Washington third in 'app economy' jobs
- Check out this app: Executives list the ones they use most
- Check out this app: Executives list the ones they use most
- Microsoft co-founder Paul Allen 2011's most generous living donor
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- Top Congressional stock picks: Microsoft beats Apple
- What women really want (online): MoonTango aims to deliver
- Renters, buyers (and lookers) continue to flock to Zillow
- 'Fast Pitch Forum' to debut May 27 with some familiar names
- Keiretsu Forum NW invested $24 million in 36 startups in 2011
- TechNet study: Washington third in 'app economy' jobs
- First a deal with Verizon; now Coinstar buys a competitor
- Check out this app: Executives list the ones they use most
- Coinstar, Redbox and Verizon: Here's what they aren't saying
Mass High Tech
OVP participates in Complete Genomics $45 million round
OVP Venture Partners continues to invest in large financing deals in companies located outside the Seattle area. The latest for the Kirkland venture firm is Complete Genomics, a Mountain View, Calif.-based company that today announced $45 million in new funding.
The deal was led by Essex Woodlands Health Ventures and OrbiMed Advisors, though existing investors such as OVP and Prospect Venture Partners also joined in.
Complete Genomics is in the process of building the world’s largest commercial human genome sequencing center in Silicon Valley, a facility that the company says will open in January with a goal of sequencing 10,000 human genomes next year. The company wants to sequence genomes for $5,000, a move that Xconomy's Luke Timmerman reports could be "an astounding leap forward in democratization of genome sequencing" since only a "handful" of genomes have ever been sequenced.
The company has other ties to Seattle beyond its connections to OVP. Last fall, it entered into an agreement with the Institute for Systems Biology.
“Using Complete Genomics human genome sequencing services to gather population-wide human genetic data will allow us to gain a more complete understanding of the genetic components and molecular processes of diseases in order to better manage, treat and prevent human disease and better understand human health,” said the ISB's Dr. Leroy Hood at the time of the partnership.
Complete Genomics is a little behind schedule in meeting those goals. Clifford Reid, the CEO Complete Genomics, said in the release that the deal took six months longer than they originally planned. The financing also comes just a few days after another DNA sequencing startup, Pacific Biosciences, raised $68 million.
OVP has been very active as of late. In the past 10 days, the firm has participated in the $14 million funding of Boston materials science company Novomer and the $11 million round for Hillsboro, Oregon semiconductor company.
Last month, OVP led a $15 million round for South San Francisco biotech company Limerick BioPharma.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
TechFlash Team
Recent Sponsor Posts
Who's creating today's energy efficient buildings? Find out at the BetterBricks Awards, Feb. 16
BetterBricks Awards salute the individuals leading the way for high performance commercial buildings with an emphasis on energy efficiency. Join us as we recognize these standout green building professionals.
Award categories include: Advocate; Architect/Designer; Facility Manager/Operator; and Owner/Developer.
Keynote Speaker: Kevin Kampschroer, Director of U.S. GSA's Office of Federal High Performance Buildings. Kevin leads the U.S. General Services Administration's efforts in building sustainability and accelerating industry adoption of sustainable principles across all aspects of a building's life.
Register here by February 10!
If you are interested in buying a table, email Monica Alquist or call her at 206-876-5404.
The Triple Door Presents: The Atomic Bombshells "J'ADORE!: A Burlesque Valentine"
Seattle's reigning Burlesque super-troupe delivers a gorgeous and glittering VALENTINE featuring some of the Bombshells' most exhilarating acts to date. J'Adore! promises to celebrate l'amour with good humor, style, and a healthy dose of dazzle! Bring a friend, a lover, a family member, or a secret crush, and celebrate with the Valentine's Burlesque spectacular that will leave you shouting: "J'ADORE......The Atomic Bombshells!" The incomparable Jasper McCann emcees with high style and charm.
Please visit www.thetripledoor.net for a full schedule of future performances.
The Triple Door Presents: Bob Mould – See A Little Light: An Evening of Reading and Music
"Bob Mould. Those two words are synonymous with integrity. From Husker Du in the last century to right at this moment, Bob is the real deal, writing and playing music for music's sake. He's a great songwriter and performer. I have been a fan of Bob's for thirty years now with no end in sight." -Henry Rollins
Please visit www.thetripledoor.net for a full schedule of future performances.
Why Choose BDO for your SOC (previously SAS 70) Reports?
BDO’s experience in providing attestation services (SAS 70/SSAE 16, AT 101, AT 201, AT 601, etc.) to a broad range of industries, and our team of skilled professionals distinctly qualifies us to serve as your company’s Service Auditor. By leveraging the BDO global network of control specialists, we are poised to provide global services in more than 1,000 offices and across 119 countries. Many organizations find that investing in reports on controls may result in benefits, including:
• Increased client confidence
• Improved competitive advantage
• Minimization of frequent audits
• Streamlined business processes and controls
• Enhanced risk management
For detailed information contact Paul Martini at pmartini@bdo.com.
