Tech Company Financing Transactions

ALung Technologies Funding Round

ALung Technologies closed a $36 million Series C funding round on 4/12/2017. Investors included Philips Electronics Ventures, UPMC Health Plan and private investors.

Transaction Overview

Company Name
ALung Technologies
Announced On
4/12/2017
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Series C
Investors

Philips Electronics Ventures (Lead Investor) (Adam Seiver)

UPMC Health Plan (Lead Investor) (Jeanne Cunicelli)

Proceeds Purpose
The funding will support a planned US-based pivotal trial for FDA approval of the company's Hemolung Respiratory Assist System (RAS), a minimally invasive artificial lung device which removes carbon dioxide independently of the lungs through a process called Respiratory Dialysis®.

Company Information

Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
2500 Jane St. 1
Pittsburgh, PA 15203
USA
Phone
(412) 697-3370
Website
www.alung.com
Email Address
Not Recorded
Overview
ALung provides Respiratory Dialysis with the Hemolung RAS, a simple, minimally invasive extracorporeal carbon dioxide removal (ECCO2R) system.
Profile
ALung Technologies LinkedIn Company Profile
Social Media
ALung Technologies Company Twitter Account
Company News
ALung Technologies News
Facebook
ALung Technologies on Facebook
YouTube
ALung Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Peter DeComo
  Peter DeComo LinkedIn Profile  Peter DeComo Twitter Account  Peter DeComo News  Peter DeComo on Facebook
Chief Financial Officer
David Haffner
  David Haffner LinkedIn Profile  David Haffner Twitter Account  David Haffner News  David Haffner on Facebook
VP - Engineering
Jeremy Kimmel
  Jeremy Kimmel LinkedIn Profile  Jeremy Kimmel Twitter Account  Jeremy Kimmel News  Jeremy Kimmel on Facebook
VP - General Counsel
Rachel Allen
  Rachel Allen LinkedIn Profile  Rachel Allen Twitter Account  Rachel Allen News  Rachel Allen on Facebook
VP - Operations
Joseph Argyros
  Joseph Argyros LinkedIn Profile  Joseph Argyros Twitter Account  Joseph Argyros News  Joseph Argyros on Facebook
VP - Regulatory Affairs
Frank Falcione
  Frank Falcione LinkedIn Profile  Frank Falcione Twitter Account  Frank Falcione News  Frank Falcione on Facebook
VP - Regulatory Affairs
Laura Lund
  Laura Lund LinkedIn Profile  Laura Lund Twitter Account  Laura Lund News  Laura Lund on Facebook

 

 

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Prev: 4/12/2017: Tegile Systems venture capital transaction
Next: 4/12/2017: Smart Sparrow venture capital transaction

 

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