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GenVault Gets Capital Boost

Carlsbad-based GenVault, whose technology allows companies to store biological samples at room temperature, announced June 11 that it received $1.5 million in additional venture funding for its recent round.

The $1.5 million infusion came from Salt Lake City’s Cross Creek Capital and will go toward product development and marketing.

To date, the round announced in April has raised $19.5 million for GenVault, led by Baltimore-based QuestMark Partners and Domain Associates, which has offices in New Jersey and San Diego.

, Andy Killion

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