AliveCor Receives $10,500,000 Series B Financing

  • Feed Type
  • Date
    6/11/2012
  • Company Name
    AliveCor
  • Mailing Address
    Undisclosed San Francisco, CA 94121
  • Company Description
    AliveCor Inc. develops and sells a wireless heart monitoring ECG device for the Apple iPhone.
  • Website
    http://www.alivecor.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    AliveCor will use the funding to launch and commercialize its mobile ECG device, pending 510(k) marketing clearance by the Food and Drug Administration, in the human health and animal health markets. The funding also enables expansion for new mHealth applications and services for international markets.
  • M&A Terms
  • Venture Investor
    Burrill & Company
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Qualcomm