Relay Ventures leads $10.5 mln financing of health electronics provider Scanadu

Mountain View, Calif-based Scanadu, a personalized health electronics company, has obtained US$10.5 million in a Series A financing round. The deal was led by Canadian mobile technologies-focused venture capital firm Relay Ventures, with the participation of VegasTechFund, Ame Cloud Ventures, Broe Group, Mindful Investors and Redmile Group. The funding will be used to support the company's s go-to market strategy and manufacturing, its pursuit of regulatory approval, and the addition of new talent to its team. Scanadu has to date raised a total of US$14.7 million in venture financing.

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