FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Boston Financial & Equity Closes Lease for Biotech Company

December 05, 2014, 06:44 AM

BFEC recently closed a $500,000 equipment lease for a biotechnology company in Boston. The company, was founded by a local group of Harvard and MIT PHD students in 2008. 

To date the company has raised $5,000,000 from local “smart” angels, and has received over $500,000 in grant revenue.  The company, still in stealth mode, has met with over 100 companies in several industries who have expressed interest in their approach for “synthetic biology” products. The company has been outsourcing many of their processes and are now bringing them in  house. The equipment lease is for a Fermentation system.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.