Arryx, Inc. Closes on Approximately $10 Million in Its Fourth Round of Financing

Dec 14, 2004, 00:00 ET from Arryx, Inc.

    CHICAGO, Dec. 14 /PRNewswire/ -- Arryx, Inc., a nano-manufacturing company
 based in Chicago, announced today it has completed a placement of
 approximately $10 million of Series D Preferred stock, its fourth financing
 round. Investors in the Series D round included two strategic investors and
 Chicago venture investor Robert Geras. Venture capital funds participating in
 this round included Draper Fisher Jurvetson Fund VII, L.P., Nanostart AG, LCMH
 Technology Investments I & II, and Ventures Midwest, LLC. LaSalle St.
 Securities, LLC acted as placement agent during the financing round.
     Founded in November 2000, Arryx has raised approximately $17 million to
 date. Other existing investors in the company include Fahnestock Venture
 Capital Fund, ARCH Development Corporation, and Arryx-MDGP Investment G.P.
     About Arryx, Inc.
     Arryx employs holographic laser steering at the microscopic and nanoscopic
 levels to improve manufacturing and processing in multiple markets that depend
 on miniaturization. Arryx' technology uses multiple beams to hold and
 manipulate objects like a miniature 'tractor beam'. Arryx has won prestigious
 awards for its innovation: a Red Herring Top 100 Innovator Winner fall 2004, a
 2004 Chicago Innovation Award, and an R&D 100 Award for 2002. Arryx' BioRyx(R)
 200 system is commercially available. Arryx has a number of other applications
 in various stages of development in several industry segments. Arryx' next
 product is its cell-sorting equipment, the CelRyx(TM) system. Two applications
 of the CelRyx(TM) system are being developed for deals Arryx has with
 partners: a deal with the world's largest provider of semen for artificial
 insemination of cattle who will sell CelRyx(TM) system gender-sorted sperm
 worldwide; and a deal with a leader in the human and veterinary blood
 collection industry for development of a CelRyx(TM) product that will have
 applications in that industry.
     About LaSalle St. Securities, LLC
     LaSalle St. Securities, LLC is a 30 year-old independent, Chicago-based
 broker-dealer with a network of approximately 500 independent registered
 representatives and over 2,200 tri-party broker-dealer representatives.
 Through its affiliate, LaSalle St. Capital Markets, Inc., LaSalle helps
 emerging companies navigate the complexities of selecting alternative
 financing vehicles in both the private and public markets.
     About Draper Fisher Jurvetson
     Draper Fisher Jurvetson is the premier early stage venture capital firm.
 Founded in 1985, Draper Fisher Jurvetson has created a global network of
 affiliated venture funds with approximately $3 billion in capital
 commitments and offices in the major technology centers around the world.
 Headquartered in Silicon Valley, the firm has proven expertise in
 identifying and helping extraordinary entrepreneurs who want to change the

SOURCE Arryx, Inc.