[Updated on 8/23/11 at 10:10 am.] Amesbury, MA-based Fluidnet, which makes electronic infusion pumps for administering IV fluids, announced it has closed a $25 million Series C financing. The deal was led by new investor Fidelity BioSciences and included new investor SCP Vitalife Partners as well as previous backers Cardinal Partners, Easterly Capital and Rockport Venture Partners. The money will go to development of Fluidnet’s infusion pumps. Earlier this month, the company posted an SEC filing revealing it had raised $19.8 million of the round.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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