Valencell, a US-based biometric sensor technology developer backed by retailer Best Buy, raised $11m in a series D round led by Gii Tech, a fund run by financial services firm Gii, on Tuesday.
Venture capital firm TDF Ventures and early-stage investment partnership WSJ Joshua Fund also contributed capital to the round.
Founded in 2006, Valencell produces clinically-validated biometric sensor technology that it licenses to consumer electronics manufacturers for integration in products such as audio headsets, wristbands and armbands.
The sensors…
