DexCom Raises $22.5M Series D

San Diego-based DexCom has raised a Series D funding totaling $22.5M, according to the company. Funding came from Warburg Pincus, and included prior investors Canaan Partners, Federated Kaufmann Fund, Fog City Fund, RWI Group, and St. Paul Venture Capital. New investors The Vertical Group also joined. Piper Jaffray was placement agent for the funding. In conjunction with the funding, Sean Carney of Warburg Pincus will join DexCom's board of directors. Dexcome is developing and commercializing sensors aimed at monitoring glucose levels in people with diabetes. More information »