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VitalConnect raises $38m in series C equity financing round

Published 02 November 2017

VitalConnect, a leader in wearable biosensor technology for wireless monitoring in hospital and remote patient populations, has announced the fourth and final Series C closing, bringing the total series C round to $38m.

The round was led by MVM and Baxter Ventures. This funding will help VitalConnect in launching the VitalConnect Platform and VitalPatch® wearable biosensor in hospitals and outpatient settings across the nation.

VitalConnect combines the most sophisticated biosensor – the VitalPatch – with its comprehensive software platform. The VitalPatch is the smallest and lightest Class 2 medical device approved by the U.S. Food and Drug Administration (FDA) that measures eight different vital signs continuously and in real time, enabling unprecedented insight into patient health. The band-aid-like biosensor patch is single use and fully disposable.

“We envision a hospital of the future where inpatient and outpatient care needs integrate more seamlessly to enable a patient-centric model of care that is truly preventative and real-time. Our close of $38 million in total financing this year will help drive our continued product development and rollout,” said Nersi Nazari, CEO and founder, VitalConnect.

VitalConnect launched in 2011 and raised Series A funding of $12 million that year, and subsequently closed a $22 million Series B round in 2016.

VitalConnect is a leader in wearable biosensor technology for wireless patient monitoring in both hospital and remote patient populations.

VitalConnect leverages extensive expertise in biomedical engineering, data analytics, chip design, and mobile and cloud software to create technology that supports decision-making paradigms that achieve better health and economic outcomes.



Source: Company Press Release