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Crime-busting Strand Analytical

Strand Diagnostics loanThe lab doesn't lie. Strand Analytical Laboratories' accurate testing and fast turnaround of complicated DNA samples help police departments across the country solve crimes. Cambridge Ventures L.P. provided working capital at an important time in the Indianapolis company's growth.

Travis Morgan, Strand's CFO, says, "Cambridge Ventures was the right financing at the right time for Strand Analytical. We've grown to employ more than 35 laboratory personnel and we handle a heavy case load from police departments from coast-to-coast."

"We have benefitted from a solid relationship with Cambridge Ventures along with the Credit Corp. and Old National Bank. They deserve part of the credit for helping us assist so many law enforcement clients."

Strand Analytical transitioned to conventional financing on the strength of capital provided by CVLP and the Credit Corp. pool of risk capital.

Strand Analytical is the first to admit that forensic DNA analysis is more glamorous on TV crime shows than in the labs. But the workday diligence of Strand's lab-coated techs is effective for clients including the Indiana State Police and Los Angeles County Sheriff's Office.

Travis Morgan, Strand's CFO, says, "It is extremely important work to help police departments identify and convict the right people. Our work has long-lasting ramifications for public safety."


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