Tech Company Financing Transactions
Medingo Funding Round
On 11/21/2007, Medingo secured $27 million in investment from Elron Electronic Industries and Radius Ventures.
Transaction Overview
Company Name
Announced On
11/21/2007
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Undisclosed
Proceeds Purpose
Medingo is developing a miniature dispensing patch for insulin-dependent diabetic patients. The device is a convenient, easy to use, discreet, and more cost-effective than standard insulin pumps. Medingo expects to obtain US Food and Drug Administration (FDA) approval for the patch and begin marketing it in 2008.
Company Information
Company Status
Out of Business
Industry
Medical Devices & Instruments
Mailing Address
2735 Calkins Road P.O.B. 261
Yoqneam Illit , 20692
Israel
Yoqneam Illit , 20692
Israel
Phone
Website
Email Address
Overview
Medingo Ltd. develops cutting edge technologies for the welfare of people living with diabetes. Our systems are designed to best serve the patient, while taking into consideration changing daily needs and preferences.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
General Manager
David Vidan
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