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Published on 6/29/2006 in the Prospect News Biotech Daily.

Biocrates completes €5million round of private equity financing

By Lisa Kerner

Charlotte, N.C., June 29 - Biocrates said it closed a €5 million round of private equity financing.

Proceeds will be used to commercialize the metabolite analysis platform, application software and consumable-based products.

The investment round was led by the German MIG funds.

Biocrates is a provider of high content metabolome information and technology based in Innsbruck, Austria.

Issuer:Biocrates
Issue:Private equity financing
Amount:€5 million
Investor:German MIG
Announcement date:June 29

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