Tech Company Financing Transactions
Radianse Funding Round
On 7/13/2006, Radianse raised $6 million in Series B funding from Ascension Ventures, HealthCare Ventures and HLM Venture Partners.
Transaction Overview
Company Name
Announced On
7/13/2006
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series B
Investors
Proceeds Purpose
Radianse will use the funding to meet two primary objectives. First, the company will seek to further expand market share for its existing IPS, which uses active RFID technology to help hospitals immediately locate equipment, patients and staff. Second, the company will launch a new application that will enable hospitals to act on this information with a greater degree of automation and accuracy.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
35E Industrial Way 101
Rochester, NH 03867
USA
Rochester, NH 03867
USA
Phone
Website
Email Address
Overview
Radianse systems have been deployed in hospitals for a variety of purposes, including asset tracking, process mapping and workflow improvement. Measured by hospital usage and return on investment, Radianse has established clear leadership in the real-time IPS market, particularly in terms of enterprise-wide deployments.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Schiefen
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