Tuesday, June 14, 2016

VitalConnect Snags $25M In Funding

San Jose-based VitalConnect, a developer of medical biosensors, says it has raised $25M in a financing round, from a combination of $7.8M in a Series B equity funding, and a $17.5M term loan. The term loan came from Perceptive Advisors LLC, and initially included $10M in funding. VitalConnect did not detail the source of equity, however, it said it was advised by Armentum Partners in the funding. The new Series B funding brings its total raised in that Series B to $22.1M. VitalConect is led by Dr. Nersi Nazari. More information »