StemBioSys Finds $8M

San Antonio-based StemBioSys, which is developing stem cell culture systems used to grow stem cells for research and development efforts, has raised $8M in a Series A funding, the company said this morning. StemBioSys said that Targeted Technology Fund led the financing, with a $2.25M investment, with more than 50 angels closing out the remainder of the round. StemBioSys is led by Bob Hutchens. The company said it plans to raise a Series B in late 2015 or early 2016. More information »