M2D2 Based Startup Awarded $17 Million in Equity Funding

By Dan O’Brien, dobrien@lowellsun.com

Updated: 04/11/2014 07:00:21 AM EDT

LOWELL — A medical-device startup developed within UMass Lowell’s M2D2 community said this week that it has landed $17 million in equity funding.

InfoBionic Inc., a startup that provides patient monitoring for chronic-disease management, intends to use the funds to pay for the commercialization of its flagship product, the MoMe System, according to CEO Nancy Briefs.

Read more: http://www.lowellsun.com/business/ci_25544903/m2d2-based-startup-awarded-17-million-equity-funding#ixzz2yaPJk25I