InSound Medical Receives $15,000,000 Series C Round

  • Feed Type
  • 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
  • Venture Investor
    Intel Capital
  • Venture Investor
    Hummer Winblad Venture Partners

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