I just got done reading about how Nanostring Technologies has finally brought a product to market and gotten their first sale. Companies like this that continue to innovate and create new products are part of what keeps our region strong when others are faltering.
Fell is starting to think about raising a third round of venture funding, of about $15 million to $20 million, which he says will be the last time he seeks capital before the company turns profitable. The cash will be used to build up manufacturing, sales and marketing, and development, he says. The staff will grow from about 41 to 70, so the company is already looking to move from its offices along Elliott Bay to a new building at Fairview and Mercer Streets. The Full Article
The great part is that having a product go into production means more cash flow into the area and more jobs for the people who live here. They state that the market for RT-PCR machines is worth an estimated $1 billion a year and growing steadily, so we definitely are talking about some serious money!
So congratulations to everyone down at Nanostring Technologies!
Jacquie Cliff - The Amazon Negotiator
Real Estate Agent, Loan Officer and Accredited Buyers Representative serving:
Lynnwood, Bothell, Mill Creek, Seattle, Bellevue, Marysville, Mountlake Terrace, Edmonds, Everett, Snohomish, Kirkland and the surrounding areas!
Call me with any of your real estate questions at 425-773-3149 or email me at Jacquie@jacquiecliff.com anytime!
Copyright © 2008 By Jacqueline A. Cliff, All Rights Reserved.
*Congratulations to Nanostring Technologies of Seattle!*