Major medical device companies are increasingly outsourcing their innovation. Here’s what that means. The medical device industry is increasingly relying on small, young companies to provide innovations, but the early-stage medtech companies are mostly relying on angel investors. It’s also more important than ever to protect intellectual property and mitigate exposure to litigation. Those were […]
Norwest Venture Partners
St. Jude-backed iRhythm Technologies raises another $16M for Zio wearable heart monitor
iRhythm Technologies said it closed a $16 million Series D round for its Zio wearable heart monitor, saying it plans to use the proceeds to further its commercial footprint and research & development efforts.
Led by Norwest Venture Partners, which added partner Casper de Clercq to iRhythm’s board, the latest financing including contributions from existing backers New Leaf Ventures, Synergy Life Science Partners and Kaiser Permanente Ventures.