Medical technology startup secures funding to begin in-patient clinical studies and prepare for regulatory pathway with FDA for first-ever wearable real-time medication monitor
SAN DIEGO–(BUSINESS WIRE)–Digital health startup CARI Health has closed an oversubscribed $2.3 million seed round that will help it bring the world’s first wearable real-time medication monitor to market.
Funding was led by the San Diego Angel Conference (SDAC), with four additional investment funds participating, including NuFund Venture Group, Cove Fund, Chemical Angel Fund, Medical Devices of Tomorrow, and several individual angel investors.
The funding will go toward completing first in-patient human clinical studies for CARI Health’s wearable remote medication monitoring device, expanding its intellectual property portfolio, and preparing for the regulatory pathway with the Food and Drug Administration.