Tech Company Financing Transactions
Patient Engagement Systems Funding Round
On 5/1/2009, Patient Engagement Systems raised $500 thousand in Series A funding from FreshTracks Capital and private investors.
Transaction Overview
Company Name
Announced On
5/1/2009
Transaction Type
Venture Equity
Amount
$500,000
Round
Series A
Investors
FreshTracks Capital (Lead Investor)
Proceeds Purpose
FreshTracks Capital, a venture firm based in Shelburne, VT, led the financing, which is intended to provide Vermedx with funds to enhance marketing efforts and continue to develop products.
Company Information
Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
431 Pine St. 313
Burlington, VT 05401
USA
Burlington, VT 05401
USA
Phone
Email Address
Overview
The American health care system is poorly equipped to effectively and cost-efficiently manage chronic disease in general, and diabetes in particular. With 40 million Americans affected by diabetes and related costs exceeding $100 billion annually, established treatment practices are simply not good enough.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stanley Goldstein
Chief Medical Officer
Benjamin Littenberg
Chief Technical Officer
Damon Lease
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