ALung Technologies closes $15.8 mln in Series B-1 Financing

ALung Technologies said Wednesday that it has raised $15.8 million in Series B-1 financing. Allos Ventures was the lead investor. West Capital Partners, Birchmere Ventures, BlueTree Capital Group, PLSG Accelerator Fund and Smithfield Trust Company participated in the round. Based in Pittsburgh, ALung Technologies is a maker of respiratory assist devices.

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