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 LUMERAH^TM, 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