Inveready backs Transbiomed
Venture capital firm Inveready Seed Capital has invested $1.2m in a first round of finance in biotechnology company Transbiomed.
The Department of Science and Innovation as well as ACC1Ó, an agency set up by the Catalan government to support Catalan enterprises, also participated in this round.
Transbiomed was founded in 2007 following a spin-off of Vall d'Hebrón Research Institute. The company has developed an appliance for the detection of prostate cancer. The device could be commercialised before the end of 2013.
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