Open Prairie Ventures II, LP Invests in iCyt
Sept. 5, 2008 - Open Prairie Ventures is pleased to announce an investment in iCyt, a developer of state-of-the-art cytometry instrumentation and consumables that enable their clients to create breakthrough advances in healthcare and agricultural technologies. This is the second investment for Open Prairie Ventures II, LP. Open Prairie’s investment will allow iCyt to advance its current technology and accelerate its global distribution strategy. “We believe that iCyt’s combination of experienced leadership and superior technology enable the company to position itself on a path to rapid growth,” said Dennis Beard, General Partner with Open Prairie Ventures and recently appointed board member to iCyt.
Gary Durack, iCyt Founder, President, and Chief Executive Officer said, "iCyt is very excited about becoming part of the Open Prairie portfolio. While access to capital is important, Open Prairie Ventures has also added important financial expertise and valuable, practical experience in how to grow a medical device company. They are the perfect partner for a Midwest-based, technology company like iCyt."
www.i-cyt.com