Luminous Medical Raises $23.5M

Carlsbad-based Luminous Medical said today that it has raised $23.5M in a Series B round of funding. The new round was led by Adams Street Partners, and also included RiverVest Venture Partners, Finistere Ventures, De Novo Ventures, and Latterell Venture Partners. Luminous Medical is developing an automated blood glucose monitor for in-hospital use. The round brings the company's total raised to $32.5M. De Novo and Latterell are existing investors in the company. More information »