Wednesday, December 15, 2010

Xenon Arc Gains $6.9M

Redmond-based Xenon Arc, a stealth startup headed by Chad Steigers, has raised $6.9M in a funding round, according to a recent regulatory filing by the firm. Source of the new funding was not disclosed. Stiegers foremly headed ChemPoint. The filing indicates the new funds come as part of an ongoing, $15.5M fundraising effort for the company. More information »