July 17, 2018 Source: MassDevice 548
$1.5 million was raised in a seed investment round to support the development of its futuristic automated external defibrillators by Hearthero, a medtech startup.
In an effort to make it affordable for the general public, HeartHero is designing a portable, “easy-to-use” AED.
The $1.5 million in the seed funding round came from a venture capital firm, angel investors and grant funding over its initial funding goal, said the company.
Gary Montague, HeartHero founder & CEO, said, “Now that we have closed our seed round of funding, we are one step closer to empowering millions to save their loved ones from a cardiac arrest. As a medical professional who has seen too many people die from SCA, I am thrilled that our investors believe in our product and our mission. The AED market is ripe for disruption, and we plan to do just that.”
Earlier this year, HeartHero received a $250,000 grant from the Colorado Office of Economic Development and International Trade, which it leveraged to draw a bonus $250,000 investment from Canadian family office PIC Investment Group.
“PIC is pleased to add HeartHero to our Minority Investment Portfolio of Companies. My own personal experience with a family member’s cardiac issues has underscored the importance of getting this product into the hands of everyone at risk,” said PIC chief of equity investment, Laurie Dmytryshyn.By Ddu
your submission has already been received.
Please enter a valid Email address！
The most relevant industry news & insight will be sent to you every two weeks.
WordPress database error: [Table 'wp_posts' is marked as crashed and should be repaired]
SELECT SQL_CALC_FOUND_ROWS wp_posts.ID FROM wp_posts LEFT JOIN wp_term_relationships ON (wp_posts.ID = wp_term_relationships.object_id) WHERE 1=1 AND (
wp_term_relationships.term_taxonomy_id IN (1,54)
) AND wp_posts.post_type = 'post' AND (wp_posts.post_status = 'publish') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC LIMIT 0, 10