Medella Health nets $1.4 mln to scale contact lens technology
Medella Health, a Canadian developer of smart contact lenses, has secured $1.4 million in seed-stage funding. The investors in the round included 1517 Fund, Fifty Years Fund, Garage Capital and BDC Capital. Founded in 2013 and led by CEO Harry Gandhi, Medella has designed a contact lens to help patients monitor and manage glucose levels via a mobile device. It plans to use the funds raised to scale its technology and partner with micro-fabrication companies, contact lens manufacturers, and healthcare providers. Medella Health is located in the startup work space of the University of Waterloo's Velocity Garage.
2 June 2016•2 mins read
