Local health monitoring gadget maker Evermind has raised almost $2.6 million from 20 investors and is looking to top off its Series A round with another $500,000. (See the SEC filing here.) CEO Dave Gilbert tells Med City News that local TNInvestco fund TriStar Technology Ventures led the round, while Solidus and LaunchTN also pitched in. The money will go toward a marketing push while Gilbert and his team look to bridge the gap to a Series B raise next year.
We’d walk over to the entertainment section and see beautifully designed products. Then we’d walk over to the home monitoring devices that relied on the same technology as entertainment products, but existed in the backwater of industrial design. They were designed only for an insurance company to love.”
Among Evermind's directors are Entrepreneur Center CEO Michael Burcham and Dan Hogan, CEO of post-acute data analytics company Medalogix.
Two-year-old medical paging and messaging company MEDarchon has secured more than $1.5 million of Series B funding. The company, which is led by Baxter Webb, last year attracted $225,000 to get started. Milt Capps has more details at Venture Nashville.
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