Bright Uro Announces Oversubscribed $32M Series A Funding Round
Laborie, University of California (UC Investments), Freepoint Capital and Laurelin Investors deliver funding to power 2025 product launch
IRVINE, Calif., Oct. 31, 2024 /PRNewswire/ — Bright Uro, a medical device company with a mission to transform care for lower urinary tract symptoms (LUTS) through innovations in urodynamics, today announced the second closing of its Series A funding round, which was oversubscribed by nearly 40% above and secured a total of $32M for the company. Laborie Medical Technologies (Laborie), a leading global provider of urology diagnostic and therapeutic solutions, remains the lead investor, and it is now joined by University of California (UC Investments), Freepoint Capital Group and Laurelin Investors. The additional funding will be used to support Bright Uro’s 2025 anticipated launch of its Glean™ Urodynamics System, as well as manufacturing capacity expansion and R&D activities to support expanding the future pipeline.
