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St. Jude-backed iRhythm Technologies raises another $16M for Zio wearable heart monitor

Fri, 04/12/2013 - 10:48am
Mass Device

iRhythm Technologies, which includes St. Jude Medical among its backers, lands a $16 million Series D round for its Zio wearable heart monitor.

iRhythm Zio wearable heart monitor

iRhythm Technologies said it closed a $16 million Series D round for its Zio wearable heart monitor, saying it plans to use the proceeds to further its commercial footprint and research & development efforts.

Led by Norwest Venture Partners, which added partner Casper de Clercq to iRhythm's board, the latest financing including contributions from existing backers New Leaf Ventures, Synergy Life Science Partners and Kaiser Permanente Ventures.

St. Jude Medical (NYSE:STJ) led a $10 million round for iRhythm back in 2010 and kicked in again on a $15 million round a year later.

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