RTP-based Metabolon, Inc. (www.metabolon.com) has raised an additional $5 million to close its $9 million Series A round. Metabolon raised an initial $4 million in July 2004, led by The Aurora Funds (Durham, NC), with participation from The Trelys Funds (Columbia, SC), Alexandria Real Estate Equities and other investors. This additional $5 million was led by Sevin Rosen Funds (Palo Alto, CA), with participation by the existing investors.
In connection with the financing, John Oxaal, general partner at Sevin Rosen Funds, will join the Board of Directors at Metabolon. With the additional funding, Metabolon officials said they will strategically invest in technological advancements and business development. Metabolon presented to investors at CED's Venture 2004 conference last April.
Metabolon is a CED member.
The Aurura Funds is a CED member.
The Trelys Funds is a CED member.