Linear Health Sciences | December 12, 2017
Linear Health Sciences today announced additional investment funding of $1.538 million, bringing total company financing to nearly $3 million. Linear Health Sciences is the developer of the Orchid Safety Release Valve (SRV)™ and other safety solutions for medical tubing.
The new round of funding was led by i2E Inc., a nonprofit corporation that invests in Oklahoma-based technology start-up companies. Additional investors also contributed to the funding round.
“I’m gratified to have i2E remain our lead investor for our Series A equity financing,” said Ryan Dennis, MD, CEO, and co-founder of Linear Health Sciences. “The excitement in the investor community about our game-changing technology is reflected by the nearly immediate oversubscription of this latest offering. Having raised almost $3 million dollars, Linear Health is poised for a powerful market launch in 2018,” Dr. Dennis said.