Medical device startup Foundry Innovation & Research, also known as Fire1, has secured $7.5m in a round backed by existing investor Medtronic.
Foundry Innovation & Research 1 (Fire1), the Ireland-based developer of a remote patient monitoring system, has closed a $7.5m series B round featuring medical device maker Medtronic.
The round also included venture capital firms Lightstone Ventures and New Enterprise Associates, both of which took part in Fire1’s January 2014 series A round, which included Covidien, the medical device manufacturer acquired by Medtronic in early 2015.
Launched in January 2014, Fire1 is the 15th startup to be launched by US-based medical…
