Posted on: June 17, 2013 by Connie Loizos
Medivo, a New York-based online health monitoring platform, has raised $15 million in Series B financing led by the Merck Global Health Innovation Fund, with participation from existing investors Safeguard Scientifics and MentorTech Ventures. To date, the company has raised more than $22 million.
Tags: MentorTech Ventures, Merck Global Health Innovation Fund, Safeguard Scientifics
Posted on: December 30, 2011 by cnolan
Cambridge, Mass.-based Daktari Diagnostics Inc. has raised $10 million in a staged financing round, the company announced recently. The financing for Daktari—which makes point-of-care diagnostic systems for the developing world—was led by Merck Global Health Innovation Fund. Norwich Ventures and the Partners Innovation Fund also contributed. The money will help complete development and bring to market the company’s initial products, intended for use in monitoring HIV patients worldwide.
Tags: Merck Global Health Innovation Fund, Norwich Ventures, Partners Innovation Fund
Posted on: December 20, 2011 by cnolan
Irvine, Calif.-based biotech company Aviir Inc. announced Tuesday that it had sealed an agreement with investors to raise up to $30 million. The financing includes an initial investment of $10 million and future investments of up to $20 million upon achieving certain milestones. Merck Global Health Innovation Fund led the round. Current investors Bay City Capital, Aberdare Ventures, and New Leaf Venture Partners also participated.
Tags: Aberdare Ventures, Bay City Capital, Merck Global Health Innovation Fund, New Leaf Venture Partner