December 14, 2004 Arryx, Inc. Closes on approximately $10 Million in its Fourth Round of Financing
Chicago, IL, December 14, 2004 -- 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.
