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First-Round Dough

Around the State – Central JerseyPRINCETON IntegriChain nailed down $2 million in its series A financing last week. Mount Laurel-based NJTC Venture Fund was the sole investor.

IntegriChain uses research and proprietary software to help life-sciences companies—particularly drug makers—to detect and reduce illicit activity in their supply chains. Counterfeiting is estimated to cost manufacturers more than $500 billion in lost sales every year, according to the company.

IntegriChain was spun off last year from Internet Crimes Group, a Princeton-based firm that helps companies protect their products from counterfeiting, piracy and Internet fraud.

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