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AliveCor gains $10.5mm via its Series B venture round

Executive Summary

Cardiovascular device firm AliveCor Inc. has raised $10.5mm through its Series B venture round. New investor Khosla Ventures and current shareholder Burrill & Co. led and were joined by returning investors Qualcomm Ventures and Oklahoma Life Sciences Fund. The company will use the funds to launch and market its mobile electrocardiogram device once it is cleared by the FDA. Khosla Ventures will contribute one board member.
Deal Industry
  • Medical Devices
    • Monitoring Equipment & Devices
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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