Fulcrum Ventures Leads $1.25 Million Investment in Path-Tec, LLC
ATLANTA, March 22 /PRNewswire/ -- Fulcrum Ventures announced today that they invested $1.25 million in Path-Tec, LLC. Founded in 2005, Path-Tec provides clinical, pharmaceutical and research labs with a turnkey solution for kit design, production, client supply management and patient specimen tracking. Based in Columbus, Georgia, Path-Tec positions itself as a complete outsourcing solution for labs.
The company will use the funds to expand its operating infrastructure, strengthen its technology offering and provide working capital for its rapid growth. "Path-Tec is well positioned to rapidly expand both its current product offering as well as its customer base," said Kevin Boykin, CEO of Path-Tec. "We are thrilled to be working with Fulcrum Ventures and to have such a strong, experienced partner to support our growth."
"We believe that Path-Tec can be a leader in this expanding industry. The demand for routine and esoteric laboratory tests continues to increase. Hospitals and reference labs are looking for a service provider who can provide customized kitting products as well as value added services, including supply chain visibility, inventory management and tracking" said Frank X. Dalton, General Partner at Fulcrum Ventures.
About Path-Tec, LLC
Path-Tec is a Columbus, Georgia based company that provides products and services to assist clinical, pharmaceutical and research laboratories in effectively collecting, transporting and tracking medical specimens. Path-Tec is focused on improving their customer's client supply and specimen management operations. Path-Tec's services allow laboratories to outsource kit production, distribution and tracking services that ensures regulatory shipping compliance, proper specimen collection and most importantly, specimen tracking (Asset Mgt) while significantly improving service and overall costs. To learn more please visit www.path-tec.com.
Fulcrum Ventures is an Atlanta-based equity firm focused on providing expansion capital to rapidly growing companies. The firm provides equity investments up to $5 million for a wide variety of industries with a special emphasis on healthcare, information technology, business services and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs, including internal growth initiatives, acquisitions, management buy-outs, and recapitalizations. The three founding partners have significant operating experience in senior leadership positions of successful, rapidly growing companies, and collectively have over seventy years of related industry expertise. To learn more please visit www.fulcrumvp.com.
SOURCE Fulcrum Ventures