Hypothermia Devices raises $11m

Medical device developer Hypothermia Devices has raised $10.7 million in a new round of equity financing, according to a recently posed SEC filing. Money in the round came from 51 anonymous sources with the first sale dated on March 21, according to the filing. Los Angeles-based Hypothermia Devices is designing and manufacturing cooling and heating devices for medical applications including therapeutic hypothermia, according to the company’s website. The company’s devices are portable, battery operated and are intended for use as both emergency equipment in ambulances and healthcare facilities. Hypothermia Devices is looking to raise an additional $1.3 million in the round, which would bring the total raised to approximately $12 million, according to the SEC filing. The company has not yet officially commented on the offering or how it plans to spend funds raised. The post Hypothermia Devices raises $11m appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News hypothermiadevices Source Type: news