Liquidia Secures $16M in New Financing

Posted: Mar 2, 2007

MORRISVILLE, N.C. – Liquidia, a startup that has been without a full-time chief executive officer, has landed $16 million in new venture capital from New Enterprise Associates, The News & Observer reported on Friday.

Liquidia is being managed by Steve Nelson, a venture capitalist with the Wakefield Group, while the company continues to look for a new CEO.

Last fall, Nelson said Liquidia was looking to raise an additional $10 million.

Wakefield is one of Liquidia’s investors.

Liqudia has developed technology for use in microfluidics and nanotechnology.

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Liquidia Secures $16M in New Financing