Silicon Valley, Oxford Provide $42MM Facility to Ignyta
Ignyta secured a $42 million term loan facility from Silicon Valley Bank and Oxford Finance.
July 5, 2016
Ignyta | Oxford Finance | Silicon Valley Bank
ABF Journal
Ignyta secured a $42 million term loan facility from Silicon Valley Bank and Oxford Finance.
Ignyta secured a $31 million term loan facility from Silicon Valley Bank. The company received initial funding of $21 million, approximately $11 million of which was used to repay the company’s existing loan with SVB.
Ignyta said Silicon Valley Bank provided an expanded $10 million capital term loan facility, which replaces the company’s previous $1.5 million facility.