InTouch eyes an IPO: Medical robotics firm raises $10M in private funds
Goleta-based InTouch Health, the maker of a telemedicine robot, has raised $10 million in a private placement and is gearing up to go public.
InTouch’s robot and Web-based control platform lets experts in stroke, cardiology and other fields perform patient consultations at faraway hospitals and connect devices such as electronic stethoscopes and EKGs. Founded in 2002 and making its robots in Goleta, the company has more than 250 customers throughout the world. It has raised more than $33 million so far.
The latest money came from a new fund but included existing investors. Michigan-based Beringea led the round, and InTouch’s largest investor, Galen Partners, brought along a group that included InvestCare Partners and Twenty One East Victoria Investments, among others.
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