Intuity Medical - Top 10 VC deals, H2 2011

Company: Intuity Medical
Based: Sunnyvale, CA
Amount: $76 million
Investors:  Accuitive Medical Ventures; Investor Growth Capital; Thomas, McNerney & Partners; Venrock; Versant Ventures; and U.S. Venture Partners

Scoop: A company specializing in meeting the needs of diabetes patients, Intuity Medical secured additional funding with the closing of a second tranche of its previously announced Series D preferred stock financing, increasing the total to $76 million. The company is using the funds to obtain FDA clearance and prepare for U.S. commercialization and distribution of the Pogo all-in-one blood glucose monitoring system. The company has submitted its application for FDA clearance, and the funds will help build up Intuity's infrastructure prior to Pogo's launch. Intuity touts the advantages of Pogo on its website, including discreet testing and disposal, a quick four-second countdown and tiny, 250-nanoliter blood sample. Formerly known as Rosedale Medical, Intuity was spun off from Sarnoff, which is now part of SRI International.

Intuity Medical - Top 10 VC deals, H2 2011