Podimetrics Raises $13.4 Million to Expand Innovative Solution for Diabetes Complications

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Podimetrics Secures $13.4 Million To Expand On Its Diabetes Complications Solutions By Noah Long May 16, 2019 Podimetrics, a Somerville, Massachusetts-based care management company that helps prevent diabetic foot ulcers (dfus), raised $13.4 million in funding.

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Podimetrics, the maker of a smart foot mat that detects warning signs of diabetic foot ulcers, said on Thursday it raised $13.4 million in a funding.

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Podimetrics, a Somerville, Massachusetts-based care management company that is considered a leading solution for helping prevent diabetic foot ulcers (DFUs), announced it has raised $13.4 million in Series B funding. The participants in this round include rock health, Norwich Ventures, and Scientific Health Development.

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At an assumed initial offering price of $6.50 per share, net proceeds of this offering will be approximately $13.4 million, after deducting underwriting discounts and commissions and other expenses, and, if the underwriters’ over-allotment option is exercised, net proceeds of this offering will be approximately $15.6 million, after deducting underwriting discounts and commissions and other expenses.

Podimetrics announces a $13.4 million Series B funding round to expand our leading solution to help prevent costly & deadly diabetic foot ulcers. podimetrics raises .4 million Series B for diabetic foot ulcer sensing mat.

Podimetrics, a care management company with the leading solution to help prevent costly and deadly diabetic foot ulcers (DFUs), today announced it has closed a $13.4 million Series B funding round.

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