Bacterial BarCodes secures $6M 3rd round

Feb. 17, 2003 — Bacterial BarCodes Inc., a Houston developer of a microfluidics-based molecular identification and DNA fingerprinting system, has secured a $6 million third round of financing, according to a company news release.

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Techxas Ventures led the round, which included new investors Koch Ventures and Pacific Rim Ventures. Previous investors Baylor College of Medicine and BioTex Finance Ltd. also participated. The financing will be used for continued product development and to launch products in the clinical microbial typing market.

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The company previously received $950,000 in first-round funding in June 2000, and $3.7 million in second-round funding in October 2001, according to Chief Operating Officer Lynne Holfield.

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