Fundz

Alio Raises $18M In First Close Of Series C Financing

PRIVATEDec 08, 2022

Amount Raised

$18 Million

Round Type

Series C

BroomfieldHealthcare

Description

Alio, Inc., a medical technology company reinventing the management of chronic disease, announced it has raised $18 million in the initial close of a Series C financing, bringing the total amount the company has raised to over $50 million. This round includes the conversion of all outstanding convertible notes. The financing was led by the Widjaja Family Investment Office with participation from the company’s existing investors, including Chase Field, LLC and Thomas Krebs, former Treasurer of Penumbra, Inc.

Quick answer

Alio raised $18 Million in a Series C round, dated December 8, 2022. Alio is based in Broomfield, Colorado, United States.

How much did Alio raise?
Alio raised $18 Million in a Series C round on December 8, 2022.
What does Alio do?
Patient populations deserve better care.
Where is Alio based and how big is it?
Alio is based in Broomfield, Colorado, United States.
Who are the decision-makers at Alio?
Fundz holds 1 contact at Alio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare around the same time

Companies in the same sectors as Alio that raised within 45 days of this round, from Fundz verified event records.

  • Theravida raised $200K (Pre-Seed) on January 21, 2023.
  • Zorion Medical raised $2.5M (Seed) on January 20, 2023.
  • Miach Orthopaedics raised $40M on January 20, 2023.
  • SetPoint Medical raised $65M (Debt Financing) on January 20, 2023.
  • ADARx Pharmaceuticals, Inc. raised $46M (Funding Round) on January 20, 2023.
  • Fort Health raised $8.8M on January 20, 2023.

Who to call at Alio, and when

A new round usually means Alio is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Alio

Location

10901 W 120th Ave

Broomfield, Colorado, United States

About

Patient populations deserve better care. We believe this is possible when physicians are empowered with actionable real-time data to make the most informed medical decisions possible. Alio Medical is medical technology company focused on providing peace of mind to dialysis patients through advanced remote monitoring. Alio provides wireless, remote, noninvasive monitoring of end stage kidney disease (ESKD) patients undergoing hemodialysis. Alio monitors dialysis patient blood flow by capturing and transmitting multimodal sensor data at regular intervals using quantitative analysis of optical, mechanical, acoustic, and thermal data related to blood flow and the composition of the blood itself. Alio remote monitoring utilizes a wearable device, the SmartPatch, placed over the patient’s vascular access graft to gather data and transmit it to a Hub located in the patient’s home. The Hub relays this raw data to the Alio Cloud where it is processed and analyzed utilizing Alio’s proprietary algorithms, developed using data collected pre- and post-dialysis in clinical centers in the US and UK. Alio clinically actionable data is accessed by the clinical team via a web-based data portal and the clinical team is alerted if an abnormality in any of a patient’s metrics is detected. Alio is designed to allow the dialysis patient healthcare team to partner effectively and enjoy simpler care coordination as well as more effective management of their patient’s health.

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