MC10, a US-based flexible electronics technology developer backed by medical device maker Medtronic, has raised $40m in series E funding, according to a regulatory filing.
Founded in 2008, MC10 is developing electronics that are thin, flexible and, it claims, virtually invisible. The products could have applications in the healthcare, consumer products and military equipment industries.
MC10 has now raised approximately $101m altogether, including $18m in a series C round featuring Medtronic and an undisclosed consumer health company that closed in 2013.
The company’s other investors include Osage University Partners, North Bridge Venture Partners, Terawatt Ventures and Windham Venture Partners.