iWalk Strolls to a $17M Series D (PE Hub)
iWalk, the Massachusetts-based personal bionics company, closed a $17 million round of financing led by new investor Gilde Healthcare Partners, and including existing backers General Catalyst Partners, Sigma Partners and WFD Ventures. Geoff Pardo, partner with Glide, will also join the company’s board.
PRESS RELEASE:
BEDFORD, Mass – Sept. 13, 2012 – iWalk Inc., the leader in Personal Bionics, today announced that it has closed a private Series D equity financing round of $17 million and that Geoff Pardo, partner at Gilde Healthcare Partners, has joined the Company’s Board of Directors.
The financing was led by new investor Gilde Healthcare Partners, an international investment firm with $600 million under management, focusing on the healthcare sector. Existing investors, including WFD Ventures, General Catalyst Partners, and Sigma Partners also participated in the financing round.
“The promise and potential of Personal Bionics is endless and iWalk is well positioned to push this growing market to new, exciting places well beyond traditional orthotics and prosthetic devices,” said Geoff Pardo. “We led this investment round because we truly...
