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.