Tuesday, August 21, 2012
OCTANe LaunchPad Firms Raise More Than $25M
OCTANe, the Orange County-based organization helping to bolster the high tech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding. The organization's LaunchPAD programs help early stage technology companies with mentoring and othe resources, as well as access to investment capital. According to OCTANe, investments in firms included 7.75M for OncoSec Medical, $2M for MelRoK, $1.27M for Cirro, $1M for Pivotshare, as well as investments in Stroma Medical ($840K), BioPhotas ($650K), Harbor MedTech ($610K), and others. The group said the investment amounts were an increase of 30 percent over the same period last year.