InSound Medical Receives $15,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f35ee8c5-7f97-4b78-9466-45fdc40e66d3&Preview=1 -
Date
9/23/2008 -
Company Name
InSound Medical -
Mailing Address
39660 Eureka Drive Newark, CA 94560 -
Company Description
InSound Medical, Inc. is a privately held, venture backed creator and manufacturer of next generation hearing solutions. -
Website
http://www.insoundmedical.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series C -
Proceeds Purposes
This investment will be used to expand InMage’s North American sales channels and accelerate worldwide expansion, with an emphasis in Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. Funds will also be directed toward product development and engineering of DR-Scout, InMage’s flagship disaster recovery (DR) and business continuity software. -
M&A Terms
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Venture Investor
Intel Capital -
Venture Investor
Hummer Winblad Venture Partners
