Deal Announcements

Agility Healthcare Closes $8 Million Funding

Wednesday, August 08, 2007 5:00:00 AM PDT | VentureDeal Staff

GLEN ALLEN, VA -- Hospital workflow company Agility Healthcare Systems announced the final closing of its first round of venture capital financing, receiving $8.25 million in preferred equity and debt.

Agility helps hospitals improve patient throughput by utilizing RFID location technology that enables hospitals to track, manage and measure activity in order to optimize staff and resource utilization.

Investors in the round were Harbert Venture Partners and The Aurora Funds.  $2 million of the $8.25 million was debt financing provided by Square 1 Bank.  The company will use the proceeds to continue development of its application technology and expand its sales and marketing efforts.

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