Charlottesville’s Caretaker Medical, a health-tech company that’s developed a wearable vital signs monitor and early-warning device, has raised $7.35 million in equity financing from 23 investors, according to a Securities and Exchange Commission filing.
Caretaker Medical did not respond to a request for comment. The company said in its filing it was seeking a total of $9.19 million with the equity raise, and that more than $1.84 million was remaining to be sold in early March. Companies sometimes decline to comment on funding raises for fear of running afoul of SEC regulations.
Last year it received Food and Drug Administration clearance for its monitor, called VitalStream, which measures blood pressure, cardiac output and other basic measures, like heart rate and respiration rate. The data recorded on the monitor can be streamed to displays from a smartphone to web portals and allow patient monitoring and notifications away from the hospital.
Led by CEO Jeff Pompeo, the company has said its VitalStream product’s 30-second setup time and workflow can boost nurse productivity and be more reliable than spot-check measurements performed in the hospital. The wearable monitor also frees patients from being tethered to some bedside equipment.
Caretaker Medical has raised more than $10 million since its 2014 founding, according to Crunchbase.
