Austin-area instrumentation company completes Series A round of funding
May 20, 2014
Austin Business Journal
VUV Analytics Inc. has completed a $5.8 million Series A round of financing
The Lakeway-based company, located west of Austin, plans to use the capital to launch a laboratory-scale molecular spectroscopy instruments business. The investment was led by Austin-based S3 Ventures. As part of the deal, S3 Managing Director Brian Smith will join VUV Analytics’ board of directors, according to a company news release
VUV Analytics, founded in 2009, develops vacuum ultraviolet optical technologies available for use in the life and environmental sciences, according to its website. The company is a spinoff from Metrosol Inc.
In April, VUV Analytics initially disclosed its capital raise, reporting it had collected $3.5 million of a planned $5.9 million round of financing from three investors, according to a filing with the U.S. Securities and Exchange Commission
In August 2012, the company received a grant from the Texas Emerging Technology Fund. The company has received $250,000 of a committed amount of up to $1 million for the commercialization of a laboratory-scale Circular Dichroism instrument that investigates biologically important molecules