Tech Company Financing Transactions
Tactile Systems Technology Funding Round
On 10/5/2012, Tactile Systems Technology secured $10.4 million in Series B financing from Radius Ventures and Galen Partners.
Transaction Overview
Company Name
Announced On
10/5/2012
Transaction Type
Venture Equity
Amount
$10,400,000
Round
Series B
Investors
Radius Ventures (Lead Investor) (Jordan Davis)
Galen Partners (Andrew Isaacson)
Proceeds Purpose
The financing supports Tactile Systems' plans to acquire a leading new product and intellectual property rights for additional lymphedema technology. Lymphedema, or fluid retention that results in chronic swelling, affects more than one million people annually in the U.S. With the new technologies, Tactile Systems will be able to update its solutions and also expand into at-home treatments for patients with other vascular diseases.
Company Information
Company Status
Publicly-held
Industry
Medical Devices & Instruments
Mailing Address
1331 Tyler St. NE 200
Minneapolis, MN 55413
USA
Minneapolis, MN 55413
USA
Phone
Website
Email Address
Overview
Tactile Systems Technology, Inc. (NASDAQ: TCMD) was founded in 1995 to develop and market a medical device for the effective treatment of lymphedema and venous insufficiencies. The Flexitouch Lymphedema System, Tactile System's patented 2-Phase Lymph Preparation & Drainage therapy system, is the result of over six years of research and development.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jerry Mattys
Chief Financial Officer
Brent Moen
Chief Operating Officer
Robert Folkes
VP - Human Resources
Juleen Krings
VP - Marketing
Darren Wennen
VP - Sales
Bryan Rishe
Browse more venture capital transactions:
Prev: 10/5/2012: Shout TV venture capital transaction
Next: 10/5/2012: Leap2 venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. All VC database entries reported here are derived from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs