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Madison-based Cellular Dynamics raises $30 million

April 7, 2011

Cellular Dynamics International has raised $30 million of funding from mostly Midwestern investors in a deal that hints at the possibility of an initial public offering. The round brings to $100 million the total amount raised by the six-year-old, privately-held company. Cellular Dynamics, known as CDI, will use the latest investments to launch new stem cell lines and increase production capacity, said Robert Palay, chairman and chief executive officer. Read full Journal Sentinel story here.