Thursday, August 19, 2010

Enterprise Partners Re-Ups On Complete Genomics

San Diego-based venture capital firm Enterprise Partners is one of the firms in a $39M, Series E funding round for Mountain View-based Complete Genomics, Complete Genomics said today. The round was led by Sands Capital, and also included Essex Woodlands, OVP Venture Partners, Prospect Venture Partners, OrbiMed Advisors, Highland Capital and Enterprise Partners. The round came despite some legal troubles for Complete Genomics from San Diego's Illumina, which Complete Genomics said has filed a patent infringement lawsuit against the firm. Illumina and Solexa, the firm Illumina acquired on August 3rd, have sued Complete Genomics on patent infringement of three patents. Complete Genomics is developing a DNA sequencing product which competes against products from Illumina. More information »

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