Healthcare Technology Featured Article

December 28, 2011

IB2C Raises $4.3 million

Intimate Bridge 2 Conception, Inc., a direct-to-consumer medical device company, recently raised $4.3 million in Series A financing to boost its efforts towards launching its first product in 2012. The round was led by a private, Pennsylvania-based investment group and PLSG Accelerator Fund.

"We are grateful for this capital from our new investors and appreciate their support for our mission to build families naturally," said Ib2C's Founder and CEO Steve Bollinger, in a statement. "Today, one in six women seeks help conceiving. This segment of the population has very few options, most of which are slow, invasive, costly and frequently awkward. We are delighted to offer them an option that can deliver technology, hope and control in the privacy of their own home." Bollinger continues, "This financing will enable us to launch our first product and begin to help families in 2012."

In 2012, Ib2C plans to launch Stork, a device that is intended to provide couples with an alternative to Assisted Reproductive Technology (ART). The solution currently being evaluated by the FDA for safety and effectiveness, and is expected to address the unmet need of a growing market of couples that grapple with fertility challenges.

"Our group believes strongly in supporting women and couples that cannot afford the more costly steps in assisted reproduction," said the lead investor in the Series A financing. "With medical technologies becoming less and less affordable to the average patient, we are pleased to support an affordable, drug-free solution, which can aid in the path to conception in the privacy of a couple's home."

"It is exciting that Ib2C has addressed this problem with a proven medical approach that has been used by physicians for years and created a device that can be used by average people around the world to nudge the stork," said John Manzetti, Managing Director of the PLSG Accelerator Fund. "Ib2C(TM) is a Pittsburgh Life Sciences Greenhouse portfolio company and a great example of a healthcare solution that has been nurtured at the PLSG Incubator. I am thrilled to watch this solution be launched from Pittsburgh."

Rahul Arora is a HealthTechZone contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

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