Intel's buy of Basis Science provides another realization for iNovia Capital
Basis Science Inc, the maker of Basis, a wearable health tracker to improve fitness and sleep, has been acquired by Intel Corp (NASDAQ: INTC). The value of the non-disclosed transaction has been pegged by TechCrunch at or above US$100 million. The sale of Basis Science, which is located in San Francisco, California, but was originally founded in Vancouver, British Columbia, has resulted in exits for its venture capital investors. They include Canadian firm iNovia Capital, which participated in the company's US$11.75 million Series B financing in 2013. The Basis exit comes on the heels of iNovia's exit from Tagman Ltd, bought last week by Ensighten Inc.
26 March 2014•3 mins read
