Friday, August 3, 2007

Accelerator Raises $22.5M

Seattle-based Accelerator Corporation said Friday that it has raised $22.5M in additional funding for the firm's biotech incubator. Accelerator said the funding will enable it to continue to identify, evaluate, finance, and manage emerging biotechnology opportunities. The round came from Amgen Ventures, ARCH Venture Partners, and OVP Venture Partners, along with Alexandria Real Estate Equities and WRF Capital. The funding brings the company's total raised to $130M. More information »