Over the past week, Jiff, iHealth Lab, CVRx and Zyga Technology have all separately announced completion of financing rounds.
Jiff, a Palo Alto, Calif.-based digital health technology company, announced an $18 million series B round led by Venrock, which was joined by Aberdare Ventures and Aeris Capital. Jiff indicated it would use the funds to expand its sales and marketing team, grow its network of sales and distribution partners, and build out its network of digital health partners.
iHealth Lab, a Mountain View, Calif.-based designer of mobile personal healthcare products, announced it had secured $25 million in capital from Xiaomi Ventures. This is iHealth’s first institutional round of funding. iHealth indicated the funding would go toward expanding its global reach, accelerating growth and innovation, and investing in additional sales and marketing resources.
CVRx, a developer of an implantable system designed to treat hypertension and heart failure headquartered in Minneapolis, announced it had secured a $15 million growth capital debt facility from Silicon Valley Bank. CVRx indicated the funding would go toward marketing development and clinical activities.
Zyga Technology, a developer of minimally invasive solutions for the spine based in Minnetonka, Minn., announced (pdf) it had completed a $10 million round of financing. The company indicated it intended to use the proceeds to fund the expansion of its U.S. sales and marketing organization as well as support clinical studies. The financing is a combination of $8 million in debt and with $2 million in equity. Silicon Valley Bank was the sole debt provider while the equity financing comes from all existing major investors.