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Sleep Solutions (sleep disorder diagnostic and monitoring devices) has raised $6.5mm (including $6.1mm in the first closing in October 2003 and $400k this month) in a private placement, in which it hopes to bring in up to $11mm. Lava Ventures led the financing that included return investors J&J Development Corp., MedVenture Associates, Atherton Venture Partners, and Thomas Fogarty, MD, company co-founder and board member, who participated in the first closing. Additionally, WTI Ventures, as well as most of the first tranche investors, contributed to the second closing.
Monitoring Equipment & Devices
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