Inogen Raises $22M

Santa Barbara-based Inogen announced today that it has raised $22M in funding from Novo A/S, Arboretum Ventures, Versant Ventures, Avalon Ventures, and Accuitive Medical Ventures. The new funding will go towards new manufacturing capabilities for the firm. Heath Lukatch of Novo will join Inogen's board as part of the funding. Inogen is developing oxygen therapy medical devices. More information »