HiberGene Casts Net Wide For Series B Funding

From crowdfunding to taking on its distributor partner as investor, the varied fundraising routes that HiberGene traveled down for its series B round has enabled the Irish rapid molecular diagnostic test developer to raise €6.7m.

The €6.7m ($7.1m) series B financing raised by HiberGene will fuel development of the Irish company's R&D pipeline and enable it to add three new infectious disease tests to its Swift rapid molecular diagnostics platform by the end of the year.

To complete this second round of financing, the Dublin-based company tapped several sources of investment. Existing shareholders in the series...

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