FinTechFunding

PhotoniCare: Raises More Than $7M in Funding

  • PhotoniCare, Inc., a Champaign, Ill.-based company dedicated to providing physicians with innovative diagnostic tools, raised $7.1m in funding
  • A $5.2m in Series A financing round led by i2E Management Company Inc. with co-investment from OSF Ventures
  • The company intends to use the funds to expand the executive team, ramp up manufacturing, execute on its sales and marketing plan
  • PhotoniCare provids physicians with diagnostic tools, starting with the TOMi Scope
  • PhotoniCare announced that the U.S. Food and Drug Administration (FDA) had granted clearance for its TOMi™ Scope for non-invasive imaging of the middle ear
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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