Tech Company Financing Transactions

Polarean Funding Round

Polarean, based in Durham, secured $12.6 million in investment from Bracco, Nukem Isotopes and private investors.

Transaction Overview

Company Name
Announced On
6/20/2024
Transaction Type
Venture Equity
Amount
$12,600,000
Round
Undisclosed
Investors

Bracco (Lead Investor)

Nukem Isotopes (Lead Investor)

Proceeds Purpose
Polarean intends to use the funds to accelerate progress across the following growth initiatives: Build and expand Polarean's commercial team and infrastructure, targeting top-tier academic medical centers in pulmonary medicine and radiology across the U.S.

Company Information

Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
2500 Meridian Pkwy. 175
Durham, NC 27713
USA
Email Address
Overview
Located in the Research Triangle Park area of North Carolina, Polarean designs and manufactures equipment for production of hyperpolarized xenon or helium gas.
Profile
Polarean LinkedIn Company Profile
Social Media
Polarean Company Twitter Account
Company News
Polarean News
Facebook
Polarean on Facebook
YouTube
Polarean on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Richard Hullihen
  Richard Hullihen LinkedIn Profile  Richard Hullihen Twitter Account  Richard Hullihen News  Richard Hullihen on Facebook
Chief Operating Officer
Kenneth West
  Kenneth West LinkedIn Profile  Kenneth West Twitter Account  Kenneth West News  Kenneth West on Facebook
Chief Technical Officer
Bastiaan Driehuys
  Bastiaan Driehuys LinkedIn Profile  Bastiaan Driehuys Twitter Account  Bastiaan Driehuys News  Bastiaan Driehuys on Facebook
VP - Engineering
Kiarash Emami
  Kiarash Emami LinkedIn Profile  Kiarash Emami Twitter Account  Kiarash Emami News  Kiarash Emami on Facebook


 

 

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Prev: 6/20/2024: Avaneidi venture capital transaction
Next: 6/20/2024: Gynger venture capital transaction

 

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

 


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