SAN FRANCISCO – Health technology company iBeat recently raised $5.5 million in seed funding, for a total round of $10 million. Investors in the recent funding included Kairos, 8VC, City Light Capital, Plug and Play Ventures and ChinaRock Capital. “We’re thrilled to see such high-caliber, top-tier funds care about investing in companies that not only provide financial return, but also have an immense positive social impact on the community and in people’s daily lives, said Ryan Howard, founder and CEO of iBeat, in a statement. “These are the funds we care about – ones that enable startups like iBeat to change the world for the better.” The company plans to use the new capital to prepare for its upcoming retail and consumer launch of its Heart Watch early this summer. The device continually monitors a user’s heart rate, blood flow and oxygen levels, and will alert the user if it detects any unsafe changes or activity.
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