MicroProbe Corp. has raised $2.9 million in venture financingled by Olympic Venture Partners, the company said onMonday.

The financing was a requirement of MicroProbe's acquisition inAugust of Source Scientific Systems Inc. from Quixote Corp. Themoney raised was at least twice the amount stipulated in thedeal, said Greg Sessler, MicroProbe chief financial officer.

Other participants included previous investors Quixote Corp.and Hill, Carman, Kirby & Washing. New investors includeSanderling Ventures; Batterson, Johnson & Wang; G&GDiagnostic Funds L.P.; and several individuals.

Prior to the acquisition, Garden Grove, Calif.-based MicroProbehad raised $12 million in two rounds of funding since 1985.Quixote holds about a 30 percent interest in MicroProbe.

Privately held MicroProbe is developing diagnostics to detectpathogens associated with vaginitis and periodontitis. -- KB

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