emPower maker PixelOptics raises $7M
ROANOKE, VA - PixelOptics, the maker of emPower, the world’s first electronic focusing eyeglasses, hauled in more money this week. After raising a cool $45 million in a financing round led by Safeguard Scientifics last summer, the company snagged just over $7 million in financing. Although its SEC filing this round was sparse on details, the company has touted its emPower glasses and has been touring trade shows showing them off. The 7-year-old PixelOptics has been touted as the world’s first composite lens company. EmPower allows adults with presbyopia, a form of...
Read MoreHarbert halfway there with $125M investment fund
RICHMOND, VA – Good news for medical device companies, diagnostics startups and other healthcare companies: Harbert Venture Partners has passed the 50% mark in its bid to establish a new, $125 million investment fund. MedCity News reports on the news regarding what will be the VC firm’s third fund. So far, the fund has raised more than $76.8 million and has about $48.1 million to go, according to an SEC filing. Based in the southeastern U.S., Harbert focuses on areas including diagnostics, medical devices, healthcare IT and healthcare services, according to the story. Among...
Read MoreH.I.G. BioVentures Closes Fund II with $268M
MIAMI, FL - H.I.G. BioVentures has closed its second fund, H.I.G. BioVentures II, L.P., with $268 million in commitments, the firm announced Tuesday. A life science-focused fund, BioVentures will invest in product development focused healthcare companies across the pharmaceutical, medical device and diagnostics sectors. Managing Director Bruce Robertson said that the firm could invest as little as $2 million to $3 million into a company, and as much as $15 million to $20 million, or more. Robertson said that the fund would be deployed over the next three to four years. H.I.G. BioVentures...
Read MoreSensiotec raises $1.5M to develop wireless monitoring
ATLANTA, GA – Medical device startup, Sensiotec Inc., has developed a wireless, remote patient monitoring system. The ATDC company is expected to close on a $1.5 million round from angel investors. Sensiotec’s device uses ultra-wide band, a radar technology, to monitor vital signs, such as heart rate and respiration rate, from up to five feet away. “There’s no implant, there’s no electrodes [that have to be attached to the patient] — it’s kind of like StarTrek’s sick bay,” Sensiotec CEO Robert Arkin said. The device uses a high-frequency, low-power radar to send out...
Read MoreSprout Pharmaceuticals raises $5M
RALEIGH, NC - Sprout Pharmaceuticals Inc. has raised $5 million through a private stock offering, according to documents filed with the U.S. Securities and Exchange Commission on Wednesday. Sprout focuses on commercializing products that address unmet medical needs in the field of female sexual health, according to its website. Sprout was formed in 2011 as a spin-off of Slate Pharmaceuticals. Sixty-one investors participated in the fundraiser, according to the filing. CEO Robert Whitehead was not available for comment, nor was CFO Matthew...
Read MoreSwedish company creating 45 jobs in Morrisville, NC
MORRISVILLE, NC - The Swedish medical technology company Aerocrine has announced it will be moving its North American headquarters from New Jersey to Morrisville with plans to create 45 jobs in Wake County. Aerocrine, which focuses on the treatment of airway diseases such as asthma, has been awarded a $50,000 grant from the One North Carolina Fund, which must also be matched by a local government to qualify. Chip Neff, president of Aerocrine Inc., said in a news release issued by Gov. Beverly Perdue’s office that the company plans to invest $219,000 in the project over the next three...
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