Littleton, MA-based Wavemark, a maker of radio-frequency identification technologies for tracking hospital inventory, raised $3.9 million in an equity funding round, an SEC filing reveals. The filing indicates that the financing includes the conversion of some notes, and that the money raised will go to working capital for the company. Wavemark, whose RFID tags enable hospitals to track the usage, supply levels, and expiration dates of medial supplies, showed up in our list of June startup financings, with a $820,000 debt- and rights-based deal.
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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