Inogen Receives $6M Credit Facility from Square 1 Bank

Inogen, Inc. a Goleta, CA-based provider of a respiratory home healthcare equipment solution, recently received a $6m credit facility from Square 1 Bank.

The company intends to use the funds to continue to scale the business.

Led by CEO Raymond Huggenberger, Inogen manufactures innovative products and services including the Inogen One (www.inogenone.com), a portable oxygen concentrator designed to provide users with superior independence while under therapy.

The company is backed by Versant Ventures, Accuitive Medical Ventures, Avalon Ventures, Arboretum Ventures, and Novo.

FinSMEs

28/08/2011

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