Wauwatosa startup raises $ 600,000 to manufacture and launch portable medical device

RoddyMedical Inc., a Wauwatosa-based medical device maker, raised $ 600,000 to fund the production and launch of the startup’s first portable medical device. The SecureMove-TLC is a single-use portable medical device designed to organize and secure different…


Wauwatosa-based medical device manufacturer RoddyMedical Inc. raised $ 600,000 to finance the production and launch of the startup’s first portable medical device. The SecureMove-TLC is a single-use portable medical device designed to organize and secure different types of medical tubes, IV lines, and cords to support patient treatment efficiency and improve IV medication safety. According to the company, its patent-pending strain relief device is designed to eliminate dangerous line / rope pulls and dislodges during therapy, transport and patient movement. The investment cycle at the seed stage was supported by the Winnebago seed fund and the Winnow Fund, two of Wisconsin’s Badger Fund of Funds venture capital firms. Lindsey Roddy, a registered nurse by trade, founded RoddyMedical in 2018 after nearly losing one of her intensive care patients to a risk from medical tubes. When helping a patient get out of bed after surgery for therapy, the line carrying the patient’s life support snagged and was pulled from his neck, Roddy said. Roddy contacted other nurses and found that what she had experienced was not an isolated incident. She also learned that there is currently nothing on the market like SecureMove-TLC. “Lindsey Roddy’s years of clinical experience and relationships have driven the product and the team forward and ensured that the product design meets the needs expressed by frontline healthcare workers,” said CEO of Winnow Fund, Richelle Martin, in a statement. “This is the kind of innovation we are looking for; the product and the team are a win-win for the State of Wisconsin and our investors. RoddyMedical’s innovative technology was developed with support from programs at the University of Wisconsin-Milwaukee, the I-Corps program of the Regional National Science Foundation and the Wisconsin Economic Development Corp., according to the company.


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