Remote patient monitoring company Alio scooped up $18 million in the first close of a Series C funding round.
The raise was led by the Widjaja Family Investment Office with participation from existing investors, including Chase Field LLC and Thomas Krebs, former treasurer of medical device company Penumbra.
Alio said the Series C brings its total amount the company has raised to more than $50 million. The startup last raised $20 million in Series B funds in 2021.
WHAT THEY DO
Alio offers a remote monitoring system for chronic conditions, currently focused on patients undergoing dialysis.
Earlier this year, the company announced the system had received FDA 510(k) clearance to collect physiological data — like skin temperature; auscultation, or internal body sounds; and heart rate — in the home.
According to the 510(k) summary, the system includes the SmartPatch wearable sensor, its Bedside Hub (which collects and uploads patch