MASS. HIGH TECH: VGo Communications of Nashua, N.H. has secured another round of funding. The maker of telepresence robotics products received $882,159 in debt financing from nine unnamed investors, according to federal documents.
Named in the filing are Thomas Ryden, co-founder and COO; Peter Vicars, president and CEO; Grinnell More, co-founder and chief robotics officer; Nina Saberi, executive chair and founding venture investor; and Bruce Ryan, director.
VGo, which was founded by former iRobot Corp. executives Ryden and More, makes telepresence products used in healthcare. Its first product, launched in 2011, is used by doctors and nurses who use VGo to monitor and consult with patients in the hospital. It is also used at nursing facilities and in the home.
Since it was founded in 2007, VGo has secured nearly $11 million.
In May 2011, VGo took in $4.2 million in a planned $6 million new equity funding round, bringing the total raised by the company to a little over $10 million since it was founded. The Nashua company took in $3.3 million in its previous round, filed in February 2010. At that time, the only institutional investor in the company was Castile Ventures, with the rest of the backers made up of angels and company executives, officials said.Read More