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Saturday, March 6, 2010

Intuity Medical : $64M Series D Financing

Intuity Medical, Inc.January 5, 2010 – Intuity Medical, Inc., a privately-held company developing innovative technologies in diabetes management, announced that it has secured a $64M Series D financing round. The funds were contributed by new investors Venrock and Emergent Medical Partners; and existing investors Investor Growth Capital, Thomas, McNerney and Partners, U.S. Venture Partners, and Versant Ventures.
Intuity will utilize the proceeds for the U.S. commercialization and distribution of its All-in-One System, following regulatory clearance. All-in-One is the world’s first fully integrated blood glucose monitor, providing greater convenience, ease of use and discretion in glucose testing... [PDF]Intuity Medical's Press Release -