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Hagar Unveils New Clinical Data On Groundbreaking Gwave Technology, Closing Round C Funding

PRIVATEAug 10, 2023

Round Type

Funding Round

Tel AvivBiotechnologyHealth CareMedical Device

Description

HAGAR, the developer of GWave, a non-invasive continuous glucose monitoring technology that uses RF (radio frequency) waves to measure glucose levels in the blood, has announced it closed a Round C funding round of $5 million, bringing its total raised to date to $25 million. Additionally, Dr. Irl Hirsch presented HAGAR’s latest data from a proprietary study conducted at the Weizmann Institute of Science on the GWave device at the 83rd Scientific Sessions of the American Diabetes Association (ADA). He unveiled the data which included results in hypoglycemic levels demonstrating GWave’s unmatched accuracy and scalability of the product for the wellness and diabetic space.

Quick answer

HAGAR raised an undisclosed amount in a Funding Round round, dated August 10, 2023. HAGAR is based in Tel Aviv, Tel Aviv District, Israel.

How much did HAGAR raise?
HAGAR raised an undisclosed amount in a Funding Round round on August 10, 2023.
What does HAGAR do?
GWave is the world's first non-invasive glucometer, which offers a disruptive solution utilizing radio frequency (RF) waves to continuously measure glucose levels in the blood.
Where is HAGAR based and how big is it?
HAGAR is based in Tel Aviv, Tel Aviv District, Israel.
Who are the decision-makers at HAGAR?
Fundz holds 1 contact at HAGAR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Medical Device and Biotechnology around the same time

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

  • CMR Surgical raised $165M (Funding Round) on September 22, 2023.
  • CMR Surgical raised $165M (Funding Round) on September 21, 2023.
  • BrainScope raised an undisclosed amount on September 19, 2023.
  • Field Medical raised an undisclosed amount (Seed) on September 18, 2023.
  • Senseonics raised $50M (Debt Financing) on September 11, 2023.
  • ENvue Medical, Inc. raised $14M on August 30, 2023.

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Company Information

Company

HAGAR

Location

Tel Aviv, Tel Aviv District, Israel

About

GWave is the world's first non-invasive glucometer, which offers a disruptive solution utilizing radio frequency (RF) waves to continuously measure glucose levels in the blood. The revolutionary concept was conceived by GWave’s CTO and Co-founder, Dr. Geri Waintraub, when he accidently spilled a cup of tea on an RF device during routine experimentation for an RF research initiative. He immediately noticed that the sugar in the tea caused the dramatic reaction on the system’s monitors. Following the serendipitous spill, Dr. Waintraub began formulating ideas about the enormous applications the technology could have toward helping hundreds of millions of people with diabetes worldwide. GWave’s technology was developed into a prototype that yielded a successful POC with astonishing results that meet the FDA guidelines.

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HAGAR raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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