LabNow Adds $20 Million

LabNow Inc., an Austin, Texas-based provider of point-of-care diagnostic systems, has raised $20 million in Series B funding. Sammons Enterprises led the deal, and was joined by return backer Austin Ventures.

PRESS RELEASE

LabNow, Inc., developer of point-of-care diagnostic systems, announces that it has raised $20 million in Series B equity financing from a syndicate of private and venture investors led by Dallas based Sammons Enterprises. Funds will be used to complete late-stage development and launch the company's initial products, the CD4Now