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Platypus Technologies closes third round
Posted on November 03, 2005
Platypus Technologies recently closed its third round of investment, raising $1.2 million from private investors. Platypus was qualified under the Wisconsin Act 255 which grants tax credits to individuals who invest in Wisconsin start up companies.
Platypus is developing an innovative platform technology using liquid crystals with applications in diagnostics, drug discovery and environmental monitoring.
The company is located in the New Venture Center on the Fitchburg Technology Campus and has 19 employees.
Platypus' regular legal counsel, Neider & Boucher, S.C., provided legal advice and support in connection with this fundraising. Neider & Boucher is located in the UW Research Park and works closely with many technology-based companies. According to Joe Boucher, this successful fundraising by Platypus "shows that angel funding is alive and well in Madison for the right projects in the right technology niche."
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