Deal Announcements

Inova Labs Lands Series B Venture Capital

Thursday, November 10, 2011 5:37:00 AM PDT | VentureDeal Staff

   Austin, Texas  --  Medical device company Inova Labs has secured $17.5 million in its second round of institutional venture capital investment.

Inova has developed a portable oxygen concentrator that enables patients to have greater mobility than existing products.

Latterell Venture Partners led the round, which also included Glide Healthcare Partners and Three Arch Partners.

The company said it would use the financing to expand launch efforts for its existing system and to bring new devices to market.

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