Total amount raised
$154.3 Million
Latest funding date
8/1/2022
Location
AliveCor has successfully raised funds over 8 rounds, with the latest being a Series F round. The company is backed by 11 investors, including notable names like Sweetwater Capital Partners, WP Global Partners, and GE Healthcare.
AliveCor offers a range of portable ECG devices and digital health solutions, leveraging AI capabilities to provide medical-grade heart data. Keep reading to explore the intricacies of AliveCor's fundraising journey and the investors backing this innovative platform.
What Is AliveCor?
AliveCor is a private company based in Mountain View, California, specializing in healthcare technology and medical devices. The company operates in the health care, information technology, medical device, mobile, and software industries.
With an employee count ranging from 101 to 250, AliveCor offers advanced cardiological care through AI-enabled ECG sensors and software solutions. Their products include portable ECG devices like Kardia 12L and KardiaMobile 6L, aiming to improve heart disease diagnosis and treatment.
How Much Funding Has AliveCor Raised?
- Series A
- Amount Raised: USD 3,000,000
- Date: August 2011
- Lead Investors: Burrill & Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their initial mobile ECG device.
- Series B
- Amount Raised: USD 10,500,000
- Date: June 2012
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series C
- Amount Raised: USD 20,000,000
- Date: March 2016
- Lead Investors: WP Global Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and improve product features.
- Series D
- Amount Raised: USD 30,000,000
- Date: March 2017
- Lead Investors: Mayo Clinic, Omron Healthcare
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and clinical research.
- Debt Financing
- Amount Raised: USD 20,000,000
- Date: January 2019
- Lead Investors: Oxford Finance LLC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure working capital and support expansion.
- Series Unknown
- Amount Raised: USD 5,784,906
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop mobile ECG devices.
- Series E
- Amount Raised: USD 65,000,000
- Date: November 2020
- Lead Investors: Bold Capital Partners, Khosla Ventures, Omron Healthcare, Qualcomm Ventures, WP Global Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product line and enhance AI-driven diagnostics.
- Series F
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: GE Healthcare
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
Total Amount Raised: USD 152,284,906
Current Valuation: Not publicly disclosed
Key Investors
- GE Healthcare
- Details: GE Healthcare is a leading global medical technology and digital solutions innovator. They focus on providing advanced healthcare solutions to improve patient outcomes.
- Investment Focus Areas: Healthcare technology, medical devices, diagnostics.
- Notable Investments: CMR Surgical, HeartFlow.
- Bold Capital Partners
- Details: Bold Capital Partners is a venture capital firm that invests in early-stage and growth-stage companies. They aim to support transformative technologies and innovative solutions.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: SpaceX, Virgin Hyperloop, Vicarious Surgical.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm focused on impactful technology investments. They support companies that aim to solve significant global challenges.
- Investment Focus Areas: Healthcare, clean technology, information technology.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Omron Healthcare
- Details: Omron Healthcare is a global leader in the field of healthcare technology. They specialize in medical devices and health monitoring systems.
- Investment Focus Areas: Medical devices, health monitoring systems.
- Notable Investments: iRhythm Technologies.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated. They invest in companies that drive innovation in mobile technology and IoT.
- Investment Focus Areas: Mobile technology, IoT, healthcare.
- Notable Investments: Zoom, Fitbit, Waze.
What's Next for AliveCor?
AliveCor stands at the cusp of significant growth opportunities, driven by the increasing demand for mobile ECG devices and remote health monitoring solutions. With FDA clearances for their KardiaMobile 6L and other devices, the company is well-positioned to expand its market presence and develop new functionalities.
Future fundraising efforts could see AliveCor securing additional equity financing or loans to support its ambitious expansion goals. However, the company may face challenges such as competition in the mobile health monitoring space and the need for continuous regulatory approvals. Despite these hurdles, AliveCor's innovative approach and market potential make it a promising player in the healthcare technology industry.
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