Rapha Capital Management Leads Series A Financing for FIZE Medical Inc.
05/04/20, 12:02 PM
Location
Round Type
series a
Rapha Capital Management, LLC (https://www.raphacap.com), an investment management firm located in Miami, Florida, through Rapha Capital Investment IX, LLC ("RCI IX") (an entity managed by Rapha Capital), led FIZE Medical Inc.'s ("FIZE")(www.fizemedical.com) recently closed Series A financing. RCI IX was joined by MIG FZ LLC, incorporated by a group of pharmaceutical and biotechnology executives and investors, led by Michael Ingber MD, Director of The Center for Specialized Women's Health at Garden State Urology, within Atlantic Health System. The $2 million financing will be used to further develop and launch FIZE's novel device, the first accurate, automatic, digital, and cost-effective device to measure urine output in real time, replacing the current, manually managed, urinometer bag attached to a standard Foley catheter, to be made available to hospitals and physicians worldwide. With the close of Series A, Kevin Slawin, founder and managing partner of Rapha Capital Management, joined the board of FIZE, and Michael Ingber, MD, joined as a board observer.
Company Info
Location
miami, florida, united states
Additional Info
FIZE – "Making Every Drop Count" - FIZE Medical is developing a state-of-the-art platform of assays to measure key indicators of the health status of patients found in their urine, in real time, delivered through FIZE's groundbreaking device. The basic FIZE device measures real time urine output more accurately than the current manually operated standard urinometer bag. Fully automated and integrated into current healthcare IT platforms like the eMR, FIZE technology is poised to advance significantly the delivery of healthcare without the added burden of increasing cost. FIZE Medical is headquartered in Modi'in, Israel. For more information, visit www.fizemedical.com or email [email protected].