IntelliWheels Lands $500,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6dfb0fba-a9fe-40e1-9ae4-f44989beb97f&Preview=1 -
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
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Venture Investor
Crestlight Venture Productions -
Venture Investor
Serra Ventures -
Venture Investor
Undisclosed
