Wells Fargo, Hill-Rom Participate in $39 Million Round for Medtech Company EarlySense
The Israel-based company develops a patient monitoring system capable of registering heart and respiratory rates and patient motion
Israeli medical device company EarlySense Ltd. has raised $39 million, the company announced Monday. Most of the funding was provided by healthcare manufacturing company Hill-Rom Inc. and Wells Fargo Strategic Capital, the venture investment arm of financial services company Wells Fargo & Company. The round brings EarlySense's total funding to $150 million.
For daily updates, subscribe to our newsletter by clicking here.Founded in 2004, EarlySense develops a patient monitoring system capable of registering parameters such as heart and respiratory rates, motion, and quality of sleep. The company's products are approved in both the U.S. and the European Union. EarlySense employs 140 people, 90 of them in Israel.