SANTA MONICA, Calif.,
March 7, 2013 /PRNewswire/
-- INVENT Ventures, Inc. (OTC QB: IDEA), a seed-stage venture
fund and technology incubator, today announced that it has led the
seed financing round in Sanguine BioSciences, a biotechnology
company empowering patients in biomedical research. Along with
INVENT, Heliant Ventures, a VC technology fund, jointly lead the
round of investment in Sanguine.
INVENT's investment in Sanguine keeps with its strategy of
building and investing in evolving and rapidly growing companies.
In addition to Sanguine BioSciences, which supplies DNA data and
bio-specimen to research organizations for the development of
personalized medicines, INVENT has also developed Virurl Inc., one
of the early pioneers in native advertising. Virurl builds tools
and technologies to create native advertising campaigns, and has
raised $1.2M in seed financing to
date. Since formation in 2010, INVENT has built six technology
companies, which have raised over $3.5M at an aggregate valuation over $10M, with under $450K of capital investment.
"We are thrilled to invest in Sanguine alongside Heliant
Ventures and to further reinforce our holdings in what we believe
are the next generation of exciting young technology companies,"
said Bryce Knight, CEO of INVENT.
"With Sanguine, Virurl and our other portfolio companies, we have
strong positions in technology businesses that are readily
scalable, and we believe that each has the potential to go public
if they elect to. Considering the vast value creation ability of
technology companies, private and public investors alike are
looking for exposure to early-stage technology, and we are very
excited to be in a position to fulfill this need."
About INVENT Ventures, Inc.
INVENT Ventures Inc. (IDEA) is a publicly traded venture fund that
builds and invests in transformative technology businesses. INVENT
pursues ventures in the consumer Internet, mobile and biotechnology
markets, and has built six companies at various stages of
development. INVENT is headquartered in Santa Monica, California in the renowned
Silicon Beach area. For more information on INVENT,
visit www.invent.vc.
Forwarding-Looking Statements
Cautionary Language
Regarding Forward Looking Statements: This release and any
attachments contain forward-looking statements within the meaning
of the "safe harbor" provisions of the Federal securities laws,
including Section 21E of the Securities Exchange Act of 1934, that
involve risks and uncertainties. Words such as "will," "believe,"
"intend," "potential" and similar expressions are intended to
identify forward-looking statements. These forward-looking
statements include the quotations from management in this press
release, as well as any statements regarding the Company's
anticipated financial results and strategic and operational plans.
The Company's actual results may differ materially from those
anticipated in these forward-looking statements. Factors that may
contribute to such differences include, but are not limited to: the
Company's ability to deliver an adequate rate of growth and manage
such growth; the impact of changes in government regulation and
industry standards; the Company's ability to maintain and increase
the number of visitors to its websites; the Company's ability to
identify and manage acquisitions; the impact of the current
economic climate on the Company's business; the Company's ability
to attract and retain qualified executives and employees; the
Company's ability to compete effectively against others in the
online marketing and media industry; the impact and costs of any
failure by the Company to comply with government regulations and
industry standards; and costs associated with defending
intellectual property infringement and other claims. More
information about potential factors that could affect the Company's
business and financial results is contained in the Company's latest
annual report. These forward looking statements are made as of
today's date and, except as otherwise required by law, the Company
does not intend and undertakes no duty to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect events or circumstances after the date
hereof.
SOURCE INVENT Ventures, Inc.