Friday, February 22, 2013

Sanguine BioSciences Finds Seed Funding

Valencia-based Sanguine Biosciences, a startup developing a service around blood sample collection for research and development, said Thursday that it has closed on a seed financing round. Size of the round was not announced. The funding was led by INVENT Ventures and Heliant Ventures. Sanguine says that it uses social media and non-profit advocacy to collect blood, which is processed into DNA, RNA, cells, plasma, and serum, to be used in biomedical research. The company said those samples are used for drug and biomarker research and discovery, and it also provides research subjects with information on how their samples were used. More information »