Three Recent Midwest Startup Exits Were All Angel Capital Association Award Winners

News release excerpt provided by PR Newswire.

The Angel Capital Association (ACA), the world’s leading professional association for angel investors, today announced that three recent winners of the association’s Luis Villalobos Award, have achieved milestone exits, all within one month…

…Ohio-based Assurex Health, the world leader in genetic testing to guide behavioral health medication decisions, took home the 2012 Luis Villalobos Award and was acquired by Myriad Genetics on August 3. The agreement which could be worth up to $410 million, included $225 million up front with the potential for $185 million in additional performance-based milestones. Multiple ACA member groups participated in the rounds and nurtured the company’s growth over ten years, including Queen City Angels, Ohio Tech Angels, and North Coast Angel Fund. Tony Shipley, Chairman of Queen City Angels, who led the investment said, “Helping to bring in the right partners with the right structure, was critical to our successful journey with Assurex, which began with just two employees and expanded to more than 500 as they achieved countless milestones…”

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Originally published October 10, 2016.

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