Tech Company Financing Transactions

Inanovate Funding Round

Private investors, Sanford Health and South Dakota Equity Partners joined a $3.1 million Series C funding round for Inanovate. The funding round was announced on 4/5/2019.

Transaction Overview

Company Name
Announced On
4/5/2019
Transaction Type
Venture Equity
Amount
$3,100,000
Round
Series C
Investors

private investors (Lead Investor) (Denny Sanford)

Sanford Health (Lead Investor) (Kim Patrick)

South Dakota Equity Partners (Lead Investor)

Proceeds Purpose
The investment will help speed the development of Inanovate's breast cancer blood test, which aims to identify false positives from screening mammograms and reduce costly, stressful, and unnecessary follow-up imaging.

Company Information

Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
2329 North Career Ave. 113
Sioux Falls, SD 57107
USA
Email Address
Overview
Inanovate was founded in Massachusetts by two Babson MBA graduates, after winning first prize at the Babson Business Plan competition. The company has since grown operations in Massachusetts, North Carolina and the UK, forming close alliances with leading commercial and academic institutions.
Profile
Inanovate LinkedIn Company Profile
Social Media
Inanovate Company Twitter Account
Company News
Inanovate News
Facebook
Inanovate on Facebook
YouTube
Inanovate on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
David Ure
  David Ure LinkedIn Profile  David Ure Twitter Account  David Ure News  David Ure on Facebook
Chief Operating Officer
Robert Nelson
  Robert Nelson LinkedIn Profile  Robert Nelson Twitter Account  Robert Nelson News  Robert Nelson on Facebook
Chief Technical Officer
James Nelson
  James Nelson LinkedIn Profile  James Nelson Twitter Account  James Nelson News  James Nelson on Facebook
VP - Bus. Development
Eagappanath Thiruppathi
  Eagappanath Thiruppathi LinkedIn Profile  Eagappanath Thiruppathi Twitter Account  Eagappanath Thiruppathi News  Eagappanath Thiruppathi on Facebook
VP - Engineering
Gregory Votaw
  Gregory Votaw LinkedIn Profile  Gregory Votaw Twitter Account  Gregory Votaw News  Gregory Votaw on Facebook


 

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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