Linear Health attracts capital investors

Linear Health Sciences has attracted additional capital from investors in a round of funding led by i2E.

The drive brought additional investments of $1.538 million into the company, bringing investors’ total commitment in the firm to nearly $3 million.

“Having raised almost $3 million dollars, Linear Health is poised for a powerful market launch in 2018,” said Dr. Ryan Dennis, Linear Health Sciences’ CEO. “The excitement in the investor community about our game-changing technology is reflected by the nearly immediate

oversubscription of this latest offering.”

Linear Health Sciences invented the Orchid Safety Release Valve and other safety solutions for medical tubing, and is working on developing its products. Along the way, it was chosen as a semifinalist in the Medtech Innovator 2016 competition, and a first grantee for the Global Center for Medical Innovation.

The new round of funding was led by i2E Inc., a nonprofit corporation that invests in Oklahoma-based technology startup companies. Additional investors also contributed to the funding round.

Scott Meacham, president and CEO of i2E Inc., said the organization remains impressed by the progress Linear Health Sciences has

made, so far.

“We believe the ... technology will have a profound positive impact on the quality of hospital care that millions of children and adults will receive in the future,” Meacham said.