Post by Femtech Insider

💰 #Oli, the Australian wireless wearable device that monitors maternal and fetal signals during labor, has raised $6.5 million in a Series A3 round backed by Scale Investors Pty Ltd, Clare Ventures, and The University of Sydney. To date, Oli has raised $13 million in private capital alongside more than $9.5 million in non-dilutive grants. The funding will support completion of pivotal clinical trials underway across seven sites in Australia and the United States, advancement of regulatory submissions with both the TGA and FDA, establishment of manufacturing operations in Australia, and preparation for commercial launch. 🚀 💬 “In birth rooms today, the monitoring meant to protect the room is failing the people in it – losing contact with mother and baby, misfiring, and demanding constant attention from the team it was supposed to free. Oli was built for everyone in the birth room. It signals what’s coming and when it’s time to act, before an emergency arrives.” Tara Croft, CEO 📰 Full story: https://lnkd.in/eHaqBtQ7 #femtech #womenshealth #womenshealthinnovation #health #healthcare #healthtech #australia #investment #startup #scaleup #vc #venturecapital