UK’s Orla Protein raises $513K

Feb. 5, 2004 — Orla Protein Technologies Ltd., a Newcastle, England-based nanobiotechnology company, raised $513,000 in a second round of funding, according to a news release.

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The funds came from Insight Capital, a specialist venture capital division of regional fund management firm Northern Enterprise Ltd.

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The company will use the funds to continue technical and commercial development in engineered protein interfaces for applications in drug discovery, diagnostics, electronics and other areas.

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The company also announced that Dale Athey became managing director and Frank Roberts was named chairman.

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