The funding will be used to accelerate growth and innovation in the medical device space.
Wisconsin Super Angel Fund was joined by continued investment from the company’s existing investors, including Venture Management, BrightStar Wisconsin Foundation, Wisconsin Investment Partners, NEW Capital Fund, Gen6 Capital Partners, company founder Dr. JoAnne Robbins, and several individual investors.
“Since launching our second-generation product, the SwallowSTRONG, in April of last year we have delivered strong and consistent sales growth.” says Eric Horler, President and CEO of Swallow Solutions. “More importantly, we have seen many patients benefit from the rehabilitative therapy delivered by our device. We ended the year by signing agreements with multiple large customers and a key distribution partner. With these agreements and this additional funding in place we will be able to drive accelerated growth over the coming years.”
“We think Swallow Solutions has a strong portfolio of products and intellectual property,” says Tom Schuster, Managing General Partner of Wisconsin Super Angel Fund. “The company is now well positioned for sustained growth.”
The members of Swallow Solutions, LLC, have also elected Tom Schuster to the company’s Board of Directors.
Learn more by checking out the articles online.
You can read the Xconomy article by clicking here.
You can read the Wisconsin State Journal article by clicking here.