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Venture Capital News: ANDalyze Secures $1.57M

2012-02-02
CHAMPAIGN, IL, Maker of products for testing water contamination, has raised $1.57 million of a planned $2.57 million round.
ANDalyze Inc., a maker of products for testing water contamination, has raised $1.57 million of a planned $2.57 million round, according to a SEC filing. Formerly known as DzymeTech, Inc., the firm raised capital from seven separate investors.

ANDalyze offers products for testing water contamination using catalytic DNA technologies. The company has developed a methodology for detecting and quantifying chemical levels based on the recent discovery of the catalytic properties of DNA. This technology and product is a universal platform that offers simple, fast, inexpensive and reliable detection of trace metals and other target chemicals.

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