Menlo Park-Based Sequoia Capital Leads $25.5M Round for Telcare

Menlo Park, Calif. -- Sequoia Capital, the Menlo Park-based venture capital firm, said it has led a new $25.5 million round of funding for Telcare, a Maryland-based developer of the first FDA-cleared wireless glucose monitoring system for people with diabetes.  Previous backer Qualcomm also participated in what the company said is the first close of its second round. Founded in 2008 by David Bjork, John Dwyer Jr. and Jonathan Javitt, the company makes wireless glucose meters with two-way messaging, designed to transmit data to an FDA-cleared care management server, along with iPhone and Android apps that let family members follow the progress of relatives with diabetes. Telcare plans to use the funds to bolster marketing and sales activities, as well as expand research and development and fuel ongoing operations.
http://www.telcare.com
http://www.marketwire.com/press-release/telcare-raises-255-million-in-financing-led-by-sequoia-capital-1693122.htm