Healthsense Raises Additional $4.3 Million for Expansion Efforts

Healthsense, a provider of aging services technology, has raised $4.3 million in capital, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).

The Minnesota company based in Mendota Heights offers technology-enabled care solutions including remote monitoring, emergency response and wellness management.

Healthsense also aims to raise a total of $5.9 million, according to the SEC filing signed by A.R. Weiler, the company’s chief executive officer.

The company did not outline a specific use for the capital raise, however, a similar initiative in September 2012 resulted in a $7 million raise in financing from Merck Global Health Innovation Fund and other investors. 

The financing helped extend the reach of Healthsense’s remote monitoring platform throughout senior living communities and homes across the U.S., the company said in a release.

In January, Healthsense announced that Weiler would join the company as president and CEO, replacing co-founder Brian Bischoff, who will then serve as consultant to the company.

Written by Jason Oliva

Jason Oliva

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