Wednesday, September 19, 2012

Aviir Diagnostic Laboratories Gets $8M In Debt Funding

Irvine-based Aviir, a developer of laboratory tests for detecting cardiovascular disease, said it has raised $8M in funding from Silicon Valley Bank. The firm said the round included $5M in growth debt, plus a $3M line of credit. The new funding will go towards accerating commercialization activity and build out its infrastructure. Aviir develops diagnostics tests to help detect and prevent cardiac disease. Aviir last raised funding in December of 2012, with a $30M equity round from Merck GHI. More information »