IntelliWheels Lands $500,000 New Funding

  • Feed Type
  • Date
    8/17/2012
  • Company Name
    IntelliWheels
  • Mailing Address
    Hazel Wood Drive Champaign, IL 61820
  • Company Description
    IntelliWheels, Inc., is a startup company out of the University of Illinois at Urbana-Champaign that develops technology to improve mobility options for wheelchair users. It was founded by Scott Daigle, a mechanical engineer, and Marissa Siebel, an athletic trainer for wheelchair athletes and doctoral student in community health.
  • Website
    http://www.intelli-wheels.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will support IntelliWheels’ development of a patent-pending geared wheel for manual wheelchairs, designed to make pushing a wheelchair easier.
  • M&A Terms
  • Venture Investor
    Crestlight Venture Productions
  • Venture Investor
    Serra Ventures
  • Venture Investor
    Undisclosed

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