Endotronix, a medtech company providing solutions for patients with advanced heart failure, has closed a $32 million Series C funding round. BioVentures Investors, SV Life Sciences, Lumira Capital, Aperture Venture Partners and OSF Ventures all participated in the round. “We are pleased to welcome these high caliber medtech investors and our new board members,” stated Harry Rowland, CEO, Endotronix. “The Series C financing will fund our clinical program including commercialization of our cloud-based outpatient management system and the safety and feasibility study for our implantable wireless pulmonary artery sensor.”
Alphabet Energy, which makes flare combusters for oil and gas companies, has closed a $23.5 million Series C funding round. Schlumberger led the round, with participation from GM Ventures and Osceola Capital Management and existing investors TPG, Claremont Creek Ventures and the California Clean Energy Angel Fund. The new funds will be used to scale the company’s production for the oil and gas and automotive industries. “We are very impressed by Alphabet Energy’s waste-heat-to-power solutions and the commercial traction that has led to key companies from the oil and gas and automotive industries participating in the financing,” said Michael Babb, managing partner, Osceola Capital Management.
Grow, a business data analytics platform, has raised $11 million in Series A funding led by Toba Capital. The company has also released an updated version of its product, with simpler ways to manipulate data and new integrations. “Grow is taking businesses to the next level with their data, allowing them to better compete by becoming more sophisticated and strategic,” said Vinny Smith, founder of Toba Capital who will also join the board of Grow. “Utah has proven it has the talent and the drive to produce great companies. We’re excited to be part of that with Grow.” Grow was founded in 2014 and is located in Utah.