Funding News: Angel Lecture Supports Brain Device Start-Up, Weapons Detection Company Takes $ 15 Million
The crown: BrainSpace will use the new money to support the development of its automated external ventricular drain, a type of device that relieves pressure in the brain caused by trauma, stroke, or other conditions. The device has “continuous intracranial pressure monitoring supporting remote consultations and new findings,” according to the company’s website. The startup based in Bothell, Wash. created a working model of the device with $ 100,000 of self-financing, according to Wesley johnson, a conference director. The startup declined to provide further details when contacted by GeekWire.
The founders: CTO of BrainSpace Stephen morse is a mechanical engineer who has worked for various companies including the global electrical and manufacturing company Flex. CEO Caitlin morse was previously a program manager at Flex and is also a co-founder of a small medical device services start-up, MorseCode Medical. The couple co-founded BrainSpace in January.
Finalists: The other four finalists were Violet, develop anti-virus air filters; PetHub, which manufactures electronic pet tags; Curia, transform 2D photos into 3D models for online retailers; and EarthUP, who created software for businesses to improve environmental sustainability.
Angels: The biannual conference aims to create new investors in Washington through a competition of startups. New “qualified” angel investors – with assets of $ 1 million or annual income of $ 200,000 – work with experienced investors to review dozens of companies over two months.
The conference has trained 434 new investors over the past ten years and invested $ 4.6 million in 39 startups, using funds pooled by angels. “Our goal is to drive the startup process in the community so that we are more effective as a startup ecosystem, âsaid the founder. Jean Sechrest in a video.
– Weapons Detection Start-Up Raises $ 10 Million: Pic Lassen is developing a portable radar system for the âcontactlessâ detection of weapons concealed by law enforcement, the military and private places.
âAllowing a non-contact meeting between law enforcement and detainees improves the experience for everyone involved. – make the process of eliminating the threat of concealed weapons safer and less invasive â, said the CEO and Chairman of the Board of Directors Graham hatch, in A declaration.
Alpha Intelligence Capital, Lauder Partners and Orbit Venture Partners participated in the funding round of the Bellevue, Wash., Based startup, founded in 2019.
– Rehabtronics raises $ 1.6 million for pressure ulcer prevention device: Medical device company based in Vancouver, British Columbia Rehabtronics is developing a device to relieve pressure ulcers resulting from immobility. The device delivers an electrical stimulus via pads on the skin to increase muscle contraction and blood flow. The new funding will support the commercialization of the device, which is currently being tested in a clinical trial.
The round was led by North Spring Capital and Threshold Impact, with additional support from the Archangel Network investment fund and Thin Air Labs. Rehabtronics was founded in 2003 as a spin-out of the Neuroscience Institute at the University of Alberta and develops devices for paralyzed and immobile people.
Other offers we followed this week on GeekWire:
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