REDMOND, Wash.--(BUSINESS WIRE)--Mobisante, Inc., a Redmond, Washington based medical device company that makes smart phone and tablet based ultrasound imaging systems, announced the first closing of its Series A Financing. WRF Capital led the round. The syndicate included the W Fund and a group of Angel investors including several members of the Alliance of Angels. Loretta Little, Managing Director at WRF Capital, will join the Mobisante board. Mobisante expects to do another closing soon.
“This financing will allow Mobisante to expand its sales and marketing efforts to make point-of-care ultrasound a reality in the target segments,” said Sailesh Chutani, CEO, Mobisante.
Mobisante has already won extensive international and national recognition for its innovative products, including being recognized by the Seattle Magazine in 2013 as a Leader in Health Care for innovation in medical devices. “Companies like Mobisante are critical to improving access to affordable health care. They are at the cutting edge of digital health and the convergence of consumer and health care technologies,” said Dave Eva, CEO of Avenue Medical Products, LLC, a Mobisante partner that leases its devices to surgeons and clinicians.
Recently, Mobisante added 2 new members to their executive team: Marcus Y. Smith, as the Chief Financial Officer, and Dr. Bradley N. Younggren as the Chief Medical Officer. Prior to Mobisante Mr. Smith served as Chief Financial Officer of SonoSite, Inc., a leader in point-of-care ultrasound, until its acquisition by FujiFilm Inc. Dr. Younggren spent 11 years at Madigan Army Medical Center where he helped pioneer point-of-care ultrasound for the Army in both the Emergency Department as well as in the pre-hospital and combat environments. Dr. Younggren is also the Director of Emergency Ultrasound at Evergreen Hospital Medical Center in Kirkland, Washington.
About Mobisante, Inc.
Mobisante, based in Redmond, Washington, aims to transform medical imaging by making safe, simple, non-invasive, and affordable ultrasound technology available to a broad range of clinicians. This allows them to move imaging closer to the point of patient care, which has been shown to improve clinical outcomes and efficiency in healthcare delivery. By leveraging the steadily increasing power and ubiquity of advanced, standards based mobile computing technology, Mobisante, www.mobisante.com, is able to provide simpler, more flexible and lower cost solutions in contrast to the expensive and complex products that previously limited broad access to point of care medical imaging.