Movano Raises $30M in Series A
Movano has successfully raised $30M in a Series A at a $100M valuation led by Bridge Bank, EB5 Capital.
Company Overview
Movano is a HealthTech company headquartered in Pleasanton, CA, founded in 2018 with 50+ employees.
Wearable health monitoring platform
Fundraising Details
- Amount Raised: $30M
- Round Type: Series A
- Valuation: $100M
- Date: 2021-06-09
- Investors: Bridge Bank, EB5 Capital
About Movano
Wearable health monitoring platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Pleasanton, CA
- Founded: 2018
- Team Size: 50+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Movano's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Movano's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $100M valuation marks an important milestone for Movano, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Movano is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-06-09. For more information about Movano, visit their headquarters at Pleasanton, CA.
