SAN RAMON, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Raydiant Oximetry, Inc., a clinical-stage medical device company that develops medical technologies to improve outcomes for mothers and babies during childbirth, announced that it has oversubscribed a $7.5 million Series A3 extension round. The funding was led by Cross-Border Impact Ventures (CBIV), a women-owned venture capital fund that focuses on the health of women and children across the globe1. The round was syndicated by RH Capital, Global Health Impact Fund, VCapital and the March of Dimes Innovation Fund. "We are proud to lead this oversubscribed round with such an aligned group of co-investors. The company's products have tremendous potential to generate strong returns for our fund while saving and improving the lives of women and children in multiple markets globally," says Annie Thériault, Managing Partner at CBIV. "We have been following Raydiant Oximetry for over four years and are continuously impressed with the team's ability to innovate and execute." The Series A3 funds will be used to support two clinical studies of the Lumerah™ and Daisy™ technologies. Both clinical studies are taking place at Eastern Virginia Medical School (EVMS) in Norfolk, Virginia, under the direction of Dr. George ...