Quantapore Inc. Closes Series 3 Financing Round to Fund Beta Launch of DNA Sequencer

MENLO PARK, Calif.--(BUSINESS WIRE)--Quantapore Inc. announced the completion of a $15.55 million sale of Series 3 Preferred Stock led by Northern Light Venture Capital (NLVC). Tsingyuan Ventures and Sangel Venture Capital were major investors in the round and were joined by Baidu Ventures and Cloudstone VC. Mr. Feng Deng of NLVC has joined Quantapore’s Board of Directors. Quantapore Inc. has developed a novel, nanopore sequencing technology able to rapidly and accurately sequence DNA at one te