Cold Spring Lab spin-off wins 2.4 million dollars in venture capital

Cold Spring Lab spin-off wins 2.4 million dollars in venture capital

Envisagenics Inc., a startup that uses technology invented in the Cold Spring Harbor Laboratory, raised nearly $ 2.4 million from investors, including a venture capital fund run by New York State officials, officials said.


The software, called SpliceCore, debuted in October. The recent investment includes $ 500,000 from New York Ventures, a fund managed by Empire State Development, the main agency for providing business assistance in the country. Other investors include Coase LLC, Dolby Family Ventures, Dynamk Capital, SV Angel and Third Kind Venture Capital.


The company’s first support, a total of $ 100,000, came from two local funds: the Accelerate Long Island Seed Fund and the Long Island Development Fund. The latter consists of Jove Equity partners in Setauket and Topspin Ventures in Roslyn.


As previously reported, Galileo launches a venture capital fund focused on university graduates.