Relay Ventures invests in $35 mln Series B financing of Scanadu
Scanadu Inc, a U.S. provider of mobile medical products to consumers, has secured US$35 million in Series B financing. The round was led by Fosun International and Tencent Holdings Ltd, with participation from China Broadband Capital and iGlobe Partners of Singapore. Other investors included Canadian venture capital firm Relay Ventures, which led Scanadu's Series A financing in 2013. Based in Mountain View, California, the company plans to use the proceeds of the follow-on investment to "further its vision to put the diagnostic power of a hospital in our smartphones." To date, Scanadu has raised US$49.7 million in funding.
28 April 2015•5 mins read
