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Wireless

Telcare secures USD 25.5 mln in funding

Wednesday 22 August 2012 | 10:06 CET | News
Telcare, a developer of FDA-cleared mobile glucose monitoring system has secured USD 25.5 million in equity funding as the first close of a series B financing led by Sequoia Capital. The investment round included funds from existing investor, Qualcomm, acting through its Qualcomm Life Fund. Investment proceeds will fund Telcare's marketing and sales efforts, research and development initiatives, and ongoing operations. Through Sequoia's investment, the company will seek to accelerate market share to by enhancing mobile 'mHealth' services for people with diabetes and other chronic illnesses.

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Categories: Mobile & Wireless
Companies: Qualcomm / Telcare
Countries: World
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EUR 2.5 billion
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