Israel-based patient-monitoring technology producer EarlySense has closed a $39m funding round that was co-led by hospital bed manufacturer and medical technology provider Hill-Rom.
Wells Fargo Strategic Capital, the internal investment arm of financial services firm Wells Fargo, co-led the round alongside Hill-Rom.
Venture capital funds BlueRed Partners, Pitango Venture Capital and Israel Innovation Fund also took part, as did investment manager Argos Capital, VC firm K&B Venture Capital and Hotung Capital, part of VC firm and fund manager Hotung Investment Holdings.
Founded in 2004, EarlySense has developed a system that fits underneath a mattress in order to help clinicians detect any deterioration in a patient’s condition. Hill-Rom plans to integrate the technology into its recently launched smart hospital bed, Centrella.
The round boosted EarlySense’s overall funding to $140m and comes after it raised $25m in a 2016 round led by financial services provider Bank Hapoalim and backed by Pitango Venture Capital and JK&B Capital that the company said boosted its overall funding to $100m.
Diversified conglomerate Mitsui had invested $5m to close the company’s $25m series F round the year before.
The series F included Samsung Ventures Israel, a corporate venturing subsidiary of electronics manufacturer Samsung, medical device maker Welch Allyn, Noaber Foundation, Proseed Venture Capital Fund and existing backers Pitango and JK&B.
Image courtesy of EarlySense Ltd.