Sisu Global Health closing in on $1M seed round - Technical.ly Baltimore

Business

Sep. 7, 2016 12:23 pm

Sisu Global Health closing in on $1M seed round

The company that makes a low-cost blood transfusion device received the first investment from a new fund focused on Maryland startups.

The team behind Sisu Global Health, left to right: Katie Kirsch, Carolyn Yarina and Gillian Henker.

(Courtesy photo)

In Africa, the team building Sisu Global Health is stepping up the introduction of its blood transfusion device. In Baltimore, the team is posting fundraising gains.

Sisu recently raised $500,000 from the Camden Partners Exelixis Fund, CMO Katie Kirsch said.

It’s the first investment made by the new fund focused on growing companies in Maryland, said Camden’s George Petrocheilos.

Sisu now has $800,000 toward its seed round. Previous investment came from the company’s pitch competition during Steve Case’s Rise of the Rest tour stop in Baltimore last year, and the Abell Foundation. The company is seeking $1 million for the round, Kirsch said.

The company’s three cofounders relocated to Baltimore from Michigan in 2015. They connected with local resources, participating in the Dreamit Health accelerator and working with Harbor Designs and Manufacturing on producing the Hemafuse device. The startup is now based out of Impact Hub Baltimore in Station North.

Kirsch said CTO Gillian Henker is currently in Ethiopia kicking off clinical studies for the device, which offers a safer and more affordable way to give a person a blood transfusion with their own blood.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

VitusVet partnership brings digital tools to 90+ animal hospitals

clean.io releases data behind malicious ads

BurnAlong adds digital connection to the local American Heart Association’s CycleNation event

SPONSORED

Baltimore

Verizon is looking for the brightest ideas on how to use its 5G technology

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore, MD

14 West

Product Operations Manager

Apply Now

Bowie-based Trinity Cyber, led by NSA and White House alums, raises $23M

DataTribe is hosting its second cyber startup competition

JuliaCon is the stage for a week of programming talks — and a new Baltimore company

SPONSORED

Baltimore

Escape the August heat with cool AI tech

Philadelphia OR Baltimore

Technically Media

Technical.ly Editorial Intern (Fall 2019)

Apply Now
Baltimore

Fastspot

Business Development Manager

Apply Now
Columbia, MD

Vectorworks

Python Engineer (Software Systems Development)

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!