Dexcom acquires TypeZero Technologies - Technical.ly DC

Business

Sep. 7, 2018 7:46 am

Dexcom acquires TypeZero Technologies

The CIT Gap Funds portfolio company was acquired by another diabetes-management tech company.

A blood glucose meter helps people with diabetes manage their condition.

(Photo by Flickr user momboleum, used under a Creative Commons license)

The Center for Innovation (CIT) announced Thursday that its CIT Gap Funds portfolio company, TypeZero Technologies, has been acquired by Dexcom, Inc. 

Both companies specialize in diabetes management via tech: TypeZero provides diabetes management tools through a platform for healthcare providers and diabetics, while Dexcom develops, creates and distributes glucose monitoring systems.

The TypeZero platform includes advisory applications for smart insulin pens and smartphone-based systems that regulate insulin intake.

“We are excited to join Dexcom’s portfolio and expand on our shared mission of empowering people with diabetes through innovation,” Chad Rogers, CEO of TypeZero, said in a press release. “CIT’s early support of TypeZero played an important role in the company reaching this next chapter, and we look forward to sharing this journey with our Virginia network as we continue to grow and reduce significant burdens that many people with diabetes face.”

CIT GAP Funds — a seed-stage investment fund for Virginia-based technologies — led a 2015 seed round in TypeZero’s technology, which was licensed from the University of Virginia. TypeZero will continue to operate out of Virginia during this acquisition transition.

-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

DC’s Q2 venture capital dollars increased by 45% compared to last quarter

CTA picks first two funds it will invest in as part of a larger diversity and inclusion commitment

QxBranch has been acquired by California-based Rigetti Computing

SPONSORED

DC

Building a data acquisition system? Don’t make this mistake

Remote

Crossbeam

Senior Software Engineer

Apply Now
Washington, D.C.

The Washington Post

QA Analyst

Apply Now
Washington, D.C.

The Washington Post

Digital Analyst – Audience Development & Analytics

Apply Now

M&A Moves: EveryAction makes it’s third acquisition in six weeks

Arlington Capital Partners has closed on a $1.7B fund

Gaithersburg-based Viela Bio closed on a $75M Series B funding round

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

Washington, D.C.

The Washington Post

Site / Full Stack Engineer

Apply Now
Washington, DC

SmartLogic

Account Executive (DC)

Apply Now
Washington, D.C.

The Washington Post

Full Stack Developer

Apply Now

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

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