Venomix Open Prairie Ventures II First Investment
June 3, 2008 - Open Prairie Ventures II, LP has made a Series A investment in Venomix, Inc., the companies announced today. Open Prairie Ventures II will receive a seat on the Venomix board. This is the first investment for Open Prairie Ventures II. The investment is the second in Venomix’s first round of venture financing. Venomix is developing proprietary, new pesticides based on peptides found in spider venom. The amount of the investment was not disclosed.
Open Prairie’s Managing Partner J.M. “Jim” Schultz said, “Venomix is an excellent fit with our investment profile. We look for early-stage companies with market changing technology. Venomix fits that description perfectly.”
John L. McIntyre, Ph.D., president and chief executive officer of Venomix said, “We are delighted to have Open Prairie as an investor. They have a great deal of experience with early-stage companies which will be helpful to us as we advance our technology and grow.”
www.Vestaron.com