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BL Healthcare brings Series A up to $5M

Thu, 03/24/2011 - 5:32am
Mass High Tech: The Journal of New England Technology

BL Healthcare Inc., a Foxborough-based developer of electronic technology for health care, has bumped up a previous funding round from $5 million to $6 million, and boosted the amount of that round it has received from $3 million to $5 million, according to federal documents.

In August of 2009, BL Healthcare took in the first $3M tranche of the Series A investment round. At that time, CEO Michael Mathur declined to name the investors in the Series A round, and the new document filed with the U.S. Securities and Exchange Commission doesn’t name them either. This newest filing does note that the number of backers in the Series A round climbed from 15 to 16.

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