Amount Raised
$20 Million
Round Type
Series A
WashingtonBiotechnologyHealthcareHealth CareMedicalMedical DeviceInvestors
Description
Otolith Labs, a medical technology company developing noninvasive wearable medical devices for the treatment of vestibular disorders, today announced the closing of a $20 million Series A financing round by Morningside Ventures. Building on prior investments from businessman Mark Cuban and leading ENT physicians, the proceeds will be used to support the company’s ongoing clinical programs, anticipated FDA approval and first commercial launch of a prescription wearable device using its noninvasive Vestibular System Masking (nVSM) technology for the treatment of chronic vertigo.
Quick answer
Otolith Labs raised $20 Million in a Series A round, dated September 7, 2022. Investors: Mark Cuban. Otolith Labs is based in Washington, District Of Columbia, United States.
- How much did Otolith Labs raise?
- Otolith Labs raised $20 Million in a Series A round on September 7, 2022.
- Who invested in Otolith Labs?
- Mark Cuban is named as investors in this round.
- What does Otolith Labs do?
- Otolith Labs is developing prescription medical devices for the treatment of vestibular disorders, conditions experienced by millions of Americans.
- Where is Otolith Labs based and how big is it?
- Otolith Labs is based in Washington, District Of Columbia, United States.
- Who are the decision-makers at Otolith Labs?
- Fundz holds 1 contact at Otolith Labs, including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Healthcare and Medical around the same time
Companies in the same sectors as Otolith Labs that raised within 45 days of this round, from Fundz verified event records.
- Flyte raised $198K (Seed) on September 12, 2022.
- Monteris Medical raised $14M on September 2, 2022.
- Ostial Corporation raised $7.7M on September 1, 2022.
- Avenda Health, Inc. raised $10M (Series B) on August 25, 2022.
- DeepUll raised $13M (Series B) on October 20, 2022.
- Surmodics raised an undisclosed amount (Debt Financing) on October 17, 2022.
Who to call at Otolith Labs, and when
A new round usually means Otolith Labs is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Otolith Labs raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Otolith Labs, from your own LinkedIn network
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Funding Insights
What this usually meansOtolith Labs 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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