Ventec Life Systems raises $20M for multi-function ventilator
Summary
Ventec Life Systems has raised more than $20 million to fuel commercialization of its unique portable ventilator. The Bothell, Wash.-based company raised the Series E round primarily from existing friends and family investors. Ventec was founded by CEO Doug DeVries, a ventilation technology expert who was inspired to create VOCSN after his father was diagnosed with ALS. With traditional technology, patients that need help breathing are permanently attached to a bulky device and need constant care, either in a hospital or from a caregiver at home. Customers include home health companies; long term care facilities; and hospitals based in the U.S. and Japan.
Funding
Amount
$20.0M
Total raised
Date
January 29, 2020
Announcement date
Investors
-
Lead investors
Company
http://www.venteclife.com
Funded company
Classifications
industries
HealthTech
applications
Anti Piracy
AskAI Classifications
Labels
Healthcare Software
Medical Device Software
SaaS
Linked Companies
Ventec Life Systems
$1M to $5M