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Raydiant Oximetry: Raises $5M in Series A2 Financing | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Raydiant Oximetry: Raises $5M in Series A2 Financing

Raydiant Oximetry Raises $5M in Series A2 Financing

  • Fogarty Innovation, a nonprofit educational incubator for medical technology companies raised a $5m Series A2 financing
  • The round was led by Avestria Ventures, with participation from KOFA Healthcare, V-Capital, Band of Angels, FemHealth Ventures, RHIA Ventures and SteelSky Ventures
  • RaydiantOximetry is a San Ramon, CA USA-based clinical-stage medical device company focused on improving women’s and neonatal health
  • Its innovation is LUMERAHTM, the non-invasive fetal oximeter designed to detect fetal distress during labor and delivery
  • It is an investigational medical device that is not currently approved for commercial sale
  • The company intends to use the funds to complete a clinical study at the University of Texas Medical Branch (UTMB) in Galveston, Texas

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