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Nano String Overview
The NanoString technology was invented at the Institute for Systems Biology (ISB) in the lab of Dr. Leroy Hood in 2000. The company was spun out of the ISB in 2003 when the technology was exclusively licensed to NanoString Technologies. As of May 2007, NanoString Technologies has raised more than $17 million from OVP Venture Partners of Kirkland, WA and Draper Fisher Jurvetson of Menlo Park, CA....More»
The NanoString technology was invented at the Institute for Systems Biology (ISB) in the lab of Dr. Leroy Hood in 2000. The company was spun out of the ISB in 2003 when the technology was exclusively licensed to NanoString Technologies. As of May 2007, NanoString Technologies has raised more than $17 million from OVP Venture Partners of Kirkland, WA and Draper Fisher Jurvetson of Menlo Park, CA. Chad Waite of OVP and Jennifer Fonstad of DFJ both sit on the board of directors of NanoString along with Perry Fell, NanoString’s CEO. NanoString Technologies is located on the Elliott Bay waterfront in Seattle, WA.«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 04/2005 | Series A | 3.8M | Unknown |
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| Name: | nCounter |
| Product URL: | http://www.nanostring.com/products.html |
| Description: | NanoString technology enables identification and quantification of individual target molecules in a biological sample by attaching a color coded fluorescent reporter to each target molecule. This approach is similar to the concept of measuring inventory by scanning barcodes. Reporters can be made with hundreds or even thousands of different codes allowing for highly multiplexed analysis. |
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