Wavemark Gets $3.9

Erin Kutz8/26/10

Littleton, MA-based Wavemark, a maker of radio-frequency identification technologies for tracking hospital inventory, raised $3.9 million in an equity funding round, an SEC filing reveals. The filing indicates that the financing includes the conversion of some notes, and that the money raised will go to working capital for the company. Wavemark, whose RFID tags enable hospitals to track the usage, supply levels, and expiration dates of medial supplies, showed up in our list of June startup financings, with a $820,000 debt- and rights-based deal.

Erin Kutz is an Associate Editor for Xconomy. You can reach her by e-mail at ekutz@xconomy.com or by phone at (617) 252-0700, or follow her on Twitter at @erkutz.