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Mendel Biotech Raises Round

Mendel Biotechnology Inc., a Hayward, Calif.-based functional genomics company focused on plants, has raised an undisclosed amount of new VC funding. ZBI Ventures, Capricorn Investment Group and CFM participated as new backers, while existing shareholder Monsanto made an additional investment. The capital will be used to advance Mendel's bioenergy seeds and feedstock business.