Prodesse
Company

Last deal

$1.5M

Amount

Seed

Stage

01.01.2002

Date

1

all rounds

$1.5M

Total amount

date founded

Financing round

General

About Company
Prodesse develops molecular diagnostic reagents for infectious disease applications.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1993

Operating Status

Closed (22.10.2009)

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

The biotechnology company provides molecular diagnostic reagents for infectious disease applications, including three FDA 510(k) cleared products in the United States and two additional CE-marked products in Europe. The company's products can be used with various nucleic acid extraction and real-time PCR platforms, such as Cepheid's SmartCycler(®) II System.
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M&A Details
1

Transaction name

Acquired by

Gen-Probe

announced date

06.10.2009

Financials

Funding Rounds
1
1

Number of Funding Rounds

$1.5M

Money Raised

Their latest funding was raised on 01.01.2002. Their latest investor Jeff Rusinow. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Jeff Rusinow

Jeff Rusinow

Jeff Rusinow is the founder in 2000 of Milwaukee's first angel network, Silicon Pastures. He has invested in about 55 pre-revenue startups, 8 of which have had exits, two of which have been acquired by Fortune 500 companies. See jeffrusinow.com. He is Chairman and Lead Investor at MediCardia Health, Inc. Jeff is also an avid birder. He has identified over 821 species of birds in the ABA Area (U.S. & Canada). He is also the sole owner of ETR Group, LLC, which once owned Christmas.com. Jeff Rusinow has both a B.A. and M.A. from the [University of Virginia](https://www.crunchbase.com/organization/university-of-virginia-2).

count Of Investments

12

count Of Exists

4
Thomas Shannon

Thomas Shannon

Tom Shannon is President & CEO of BrightStar. He was board chairman and a lead investor in Proxim Diagnostics Corp., Somna Therapeutics LLC, and Aver Informatics Inc. and CEO of biotech company Prodesse Inc. Tom has also served as a director of the Wisconsin Angel Network, Promentis Pharmaceuticals Inc., Stemina Biomarker Discovery Inc. and OKANJO Partners Inc. He has earned the CFP credentials and is an inductee into the Wisconsin Investor hall of fame.

current job

BrightStar Wisconsin Foundation
BrightStar Wisconsin Foundation

count Of Investments

4

count Of Exists

2
Co-Investors
Investors
5
2

Number of lead investors

5

Number of investors

Investor 
Lead 
Round 
Partners 
Jeff Rusinow

Jeff Rusinow

Jeff Rusinow is the founder in 2000 of Milwaukee's first angel network, Silicon Pastures. He has invested in about 55 pre-revenue startups, 8 of which have had exits, two of which have been acquired by Fortune 500 companies. See jeffrusinow.com. He is Chairman and Lead Investor at MediCardia Health, Inc. Jeff is also an avid birder. He has identified over 821 species of birds in the ABA Area (U.S. & Canada). He is also the sole owner of ETR Group, LLC, which once owned Christmas.com. Jeff Rusinow has both a B.A. and M.A. from the [University of Virginia](https://www.crunchbase.com/organization/university-of-virginia-2).

count Of Investments

12

count Of Exists

4
Silicon Pastures

Silicon Pastures

Silicon Pastures is a Milwaukee-based venture capital firm founded in 2000.

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Wisconsin Investment Partners

Wisconsin Investment Partners

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People

Founders
2

Kelly Henrickson

current job

Prodesse
Prodesse

Kelly Henrickson

Thomas Shannon
Thomas Shannon

Thomas Shannon

Tom Shannon is President & CEO of BrightStar. He was board chairman and a lead investor in Proxim Diagnostics Corp., Somna Therapeutics LLC, and Aver Informatics Inc. and CEO of biotech company Prodesse Inc. Tom has also served as a director of the Wisconsin Angel Network, Promentis Pharmaceuticals Inc., Stemina Biomarker Discovery Inc. and OKANJO Partners Inc. He has earned the CFP credentials and is an inductee into the Wisconsin Investor hall of fame.

current job

BrightStar Wisconsin Foundation
BrightStar Wisconsin Foundation

count Of Investments

4

count Of Exists

2

Thomas Shannon

Employee Profiles
3
Andy Shrago

Andy Shrago

Senior Vice President of Sales and Marketing

Kelly Henrickson

Founder & CEO

Karen Harrington

Karen Harrington

Clinical Laboratory Manager

Activity

Recent News
0