The Top 5 Funding Rounds Of Chicago Tech’s $90M July
Summer is in full swing, and funding may be taking a backseat to beach days and road trips. With nearly $90 million for July’s total tech funding, the city still managed to score some major wins, but it wasn’t quite the stunning June we had to kick summer off.
Healthtech (spoiler) was a major winner, with two of the top five funding rounds going to healthcare-related startups. Endotronix took home the most funding of any tech companies this month, with Caremerge coming in second.
1. Endotronix, $32 million, July 14
Investors: BioVentures Investors, SV Life Sciences (SVLS), Lumira Capital, Aperture Venture Partners and OSF Ventures
Bio: Endotronix has developed next-generation tech for measuring blood pressure in key areas of the human circulatory system using tiny implanted sensors and a small, handheld reader.
News: Endotronix $32 million Series C will fund a clinical trial for its heart health monitor. The company is also working on a cloud-based outpatient management system that helps track the information gathered by the device, providing simpler monitoring for serious conditions. Read more here.
To read the full story, visit Built in Chicago.