Grove Instruments Lands $2,409,600 New Financing

  • Feed Type
  • Date
    6/21/2012
  • Company Name
    Grove Instruments
  • Mailing Address
    100 Grove Street Worcester, MA 01605
  • Company Description
    Grove has developed a completely painless and noninvasive blood glucose meter that removes all of the barriers to optimal self monitoring of blood glucose. Grove’s Glucometer is a truly transformative technology that provides people with diabetes the opportunity to achieve the kind of blood glucose monitoring proven essential to achievement of good outcomes in the life-long management of diabetes.
  • Website
    http://www.groveinstruments.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,409,600
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Peura said the current funding will go toward further refinement and improvement to the device.
  • M&A Terms
  • Venture Investor
    Undisclosed