Somnoware Receives $9,000,000 Series A Financing Round

  • Feed Type
  • Date
    5/6/2016
  • Company Name
    Somnoware
  • Mailing Address
    11325 North Community House Road Charlotte, NC 28277 USA
  • Company Description
    Somnoware was founded in 2011 by a team lead by Subath Kamalasan, the company’s CEO. An experienced entrepreneur with a background in computer science, Subath was managing multiple sleep centers when he realized that connecting health devices and providers would offer considerable benefit to the evolving field of sleep medicine.
  • Website
    http://www.somnoware.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    The investment will be used by Somnoware to further fulfill its mission to connect, organize and analyze clinical sleep information enabling our customers to better manage sleep apnea, lower costs and improve patient outcomes.
  • M&A Terms
  • Venture Investor
    Translink Capital
  • Venture Investor
    World Innovation Lab