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Stock impact report

VitalConnect, Inc. Secures $100 Million in Financing [Yahoo! Finance]

Trinity Capital Inc. (TRIN) 
Company Research Source: Yahoo! Finance
leader in biosensor technology, specializing in ambulatory cardiac monitoring, today announced the closing of $100 million in financing through a combination of equity and debt capital. The equity financing was led by new investor Ally Bridge Group, with significant participation from the Company's existing investors, including EW Healthcare Partners, MVM and Revelation Partners while Trinity Capital provided the debt financing. In conjunction with the financing, VitalConnect strengthens its Board of Directors with the addition of Steven Plachtyna from Ally Bridge Group and Eric Shiozaki from Revelation Partners. "Four years after our commercial launch, VitalConnect has grown to be a leader in ambulatory cardiac monitoring," said Peter Van Haur, Chief Executive Officer of VitalConnect. "Our best-in-class proprietary biosensor, coupled with the live streaming of eight vital signs and biometric parameters over a seven-day wear period, sets VitalConnect apart from the competition. Addi Show less Read more
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