Navigation Links
SJF Ventures Completes Oversubscribed Series A Round for BioSurplus
Date:7/17/2012

DURHAM, N.C., and SAN DIEGO, July 17, 2012 /PRNewswire/ -- BioSurplus Inc., a leading provider of equipment management services and pre-owned laboratory instruments, announces the close of an oversubscribed Series A financing round with new funding from SJF Ventures.  The company raised a total of $2.4 million following a May investment from KI Investment Holdings.

With these investments, BioSurplus has expanded in Boston more quickly than anticipated.  The company will hold its first Boston auction of like-new used laboratory equipment from one of the most respected area distributors.  The equipment will be on display Aug. 13-14 from 10 a.m. to 6 p.m. at 56 Roland St. in Boston, with the online auction being held Aug. 15-22.  In addition, BioSurplus seeks qualified candidates to fill five new Boston positions in operations, sales, business development and tech support.

"SJF Ventures is pleased to support BioSurplus' growth and Boston expansion," said David Griest, Managing Director at SJF Ventures.  "The company is a market leader in an emerging sector of asset recovery, which fills a strategic position in our portfolio.  As the first investment of our third fund, BioSurplus aligns perfectly with our focus on capital efficient, growth stage companies offering proven solutions."

"Our oversubscribed Series A round and successful regional expansion illustrates that BioSurplus fills a very unique and underserved market need for used and refurbished lab equipment and related services," said Preston "Cinco" Plumb, President and CEO.  "We are delighted to partner with SJF Ventures and KI Investment Holdings, whose recent investments have put us months ahead of schedule for our Boston expansion and have positioned us for future growth."

About BioSurplus

Since 2002, BioSurplus has assembled a team of scientific experts to pioneer leading edge solutions for every stage of the lab equipment lifecycle.  From providing a website of dynamic inventory and online auctions, to developing software solutions that allow clients to manage their own equipment, to offering turnkey solutions for selling surplus assets, BioSurplus is dedicated to maximizing the value and use of laboratory equipment for its customers.  To this end, it has become a leading supplier of pre-owned laboratory instruments and equipment management services.

BioSurplus is headquartered in San Diego and has large showrooms in San Diego, the San Francisco Bay Area, Boston and Korea.  BioSurplus offers services nationally and sells equipment worldwide.  For more information, please visit the corporate website at www.biosurplus.com.

About SJF Ventures

SJF Ventures is a venture capital fund with offices in Durham, N.C., New York and San Francisco.  SJF has a 13-year successful record of assisting visionary and talented management teams in building industry-leading firms.  SJF provides strong expertise and networks in the cleantech, sustainability and technology enhanced services sectors; including particular experience in asset recovery, reuse and recycling with portfolio companies including eRecyclingCorps, Optoro, Salvage Direct, and Intechra.  For more information, visit www.sjfventures.com.

About KI Investment Holdings

KI Investment Holdings, LLC is an innovative investment firm, providing capital and expertise towards the goal of being instrumental in the long-term success of its portfolio companies.  For more information, visit www.hrg-ki.com.


'/>"/>
SOURCE BioSurplus
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Sunpeaks Ventures Files Defamation Lawsuit
2. Practice Fusion Announces $34 Million in Financing Led by Artis Ventures
3. Pappas Ventures Names Pat Gage to Scientific Advisory Board
4. HeartWare Completes Enrollment In 450-Patient Pivotal Destination Therapy Clinical Trial
5. Novelos Therapeutics Successfully Completes First Cohort In Phase 1b Solid Tumor Trial With I-131-CLR1404 (HOT) Cancer-Targeted Molecular Radiotherapeutic
6. NuMe Health Completes $1.5 Million Series A Financing To Advance Its First Cobiotic™ Aimed At Helping Prediabetics Maintain Healthy Blood Glucose Levels
7. CryoLife Completes Acquisition of Hemosphere
8. Bausch + Lomb Completes the Acquisition of ISTA Pharmaceuticals
9. Savara Pharmaceuticals Completes Phase I Clinical Study of AeroVanc in Cystic Fibrosis Patients
10. Jazz Pharmaceuticals Completes EUSA Pharma Acquisition
11. Amgen Completes Acquisition of Mustafa Nevzat Pharmaceuticals
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... , Feb. 23, 2017   SeraCare Life ... global in vitro diagnostics manufacturers and clinical laboratories, ... "Catalyzing Implementation of NGS-Based Tests" to be hosted ... 2017 at 11am Eastern Standard Time (US). ... highlight the need for improved performance and global ...
(Date:2/23/2017)... -- ML Capital Group, Inc. (USOTC: MLCG) today announced ... , a Colorado -based cannabis tourism company. ... (USOTC: PURA) to enter Colorado,s $19 billion ... Tours acquisition announced today is intended to accelerate MLCG,s ... ...
(Date:2/23/2017)... DIEGO , Feb. 23, 2017 ... a clinical-stage oncology drug development company, announces that ... and Drug Administration (FDA) authorizing the initiation a ... therapeutic treatment for pancreatic cancer. MVT-1075 ( 177 ... radioimmunotherapy (RIT). MabVax plans to initiate the phase ...
Breaking Medicine Technology:
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... ... a new partnership with the Rhode Island Consortium for Autism Research and Treatment ... opportunity for children with autism spectrum disorder (ASD) to see films in an ...
(Date:2/23/2017)... ... 2017 , ... Curemark, LLC announced today that the Blüm Study, a Phase ... 3-8 with Autism, is now enrolling at three new sites. These new sites are ... , “There are currently no approved drugs that address the core symptoms of ...
(Date:2/22/2017)... ... February 22, 2017 , ... When ... new healthcare contact center in Georgia, PENETRON Specialty Products (PSP) provided the solution. ... healthcare systems recently invested $51 million to purchase and renovate the 185,000 square-foot ...
(Date:2/22/2017)... Angeles, CA (PRWEB) , ... February 22, 2017 , ... ... detox treatment to the thousands of individuals who have recently fallen victim to America’s ... hospital in Orange County, California, where they are free from the shame, stigma, ...
(Date:2/22/2017)... ... February 22, 2017 , ... ... leads to fewer trips the emergency room, fewer hospital admissions, and better blood ... of Managed Care® (AJMC®) finds. The study can be found here . ...
Breaking Medicine News(10 mins):