C8 MediSensors Obtains $24,000,000 Series C Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8069500d-e502-408a-a8ab-56d5161ef76a&Preview=1
Date
12/2/2011
Company Name
C8 MediSensors
Mailing Address
6375 San Ignacio Ave San Jose, CA 95119
Company Description
Our mission is to provide a new way to monitor your glucose levels that is painless, accurate, continuous, noninvasive, and nonintrusive to your life. We have thus created an innovative technology and embodied it in the HG1-c.
Website
http://www.c8medisensors.com
Transaction Type
Venture Equity
Transaction Amount
$24,000,000
Transaction Round
Series C
Proceeds Purposes
C8 MediSensors will introduce the new noninvasive continuous glucose monitor in the European Community in 2012, pending CE Mark regulatory approval.
M&A Terms
Venture Investor
GE Healthymagination Fund
Venture Investor
Undisclosed