It’s always great to see past clients continue to progress. ClearCount Medical Solutions has raised $4.1 M in Series A financing from Draper Triangle Ventures:
ClearCount Medical Solutions, a developer of RFID technology used to detect and track the location of surgical sponges. The Pittsburgh company just brought in $4.1 million in first-round financing, earmarked for the wide release of its commercial product next year. The round was led by Draper Triangle Ventures and included unnamed angel investors.
What the news reports and press release leave out is that ClearCount was founded by two friends of mine (Gautam Gandhi and Steven Fleck) from Carnegie Mellon’s Tepper School of Business MBA program. They took an idea and worked on it during school, winning business plan competitions and raising angel capital before committing to it full-time after graduation. This Series A financing comes after years of their hard work to develop the product and the business, including winning patents, educating people about the problems and inefficiencies of current methods of tracking surgical sponges and instruments during surgeries, working with medical institutions to test their product in the field, clearing FDA approval and tirelessly promoting their solution.
Congrats…
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