DURHAM,Stemco Biomedical has closed on a new round of funding worth $9.8 million.
The funding was reported initially by The Triangle Business Journal and Venture Wire. The News & Observer confirmed the closing on Tuesday.
Local Tech Wire had not reported the closing, having been told recently by one of the venture firms involved that the earlier announcements were “premature.”
Aurora Funds and Intersouth Partners led the round. New investors include Becton Dickinson Ventures, Trelys Venture Partners of South Carolina and Tall Oaks Capital of Virginia. The company has raised nearly $16 million thus far.
Stemco, which was founded in 1999, recently introduced its product, a stem-cell identification kit.