FedDev Provides Funding to VC-Backed Xagenic
Xagenic Inc., a molecular diagnostics-focused startup company, has secured up to C$990,000 in funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The proceeds of the FedDev investment will help facilitate the company's development of its lab-free molecular diagnostic testing system. Xagenic, which is based in Toronto, has been backed by Canadian venture capital firms since 2010. Its investors include CTI Capital, MaRS Investment Accelerator Fund, and Ontario Emerging Technologies Fund.
19 February 2013•2 mins read
