University of Illinois Urbana-Champaign spin-out MC10 adds $20m series D to venture backing for wearable electronics.
MC10, a manufacturer of wearable electronics spun out from the University of Illinois Urbana-Champaign (UIUC), has received $20m in a series D venture round according to a SEC filing.
Although the current round’s backers were not disclosed, university venturing consortium Osage University Partners has invested in the firm’s A, B, and C rounds, alongside venture firm North Bridge Venture Partners. Other investors include venture firms Braemar Energy Ventures, Terawatt Ventures, Windham Venture Partners, Aberdare Ventures, and biotech Medtronic.
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