Inogen Secures $20M in Equity Financing Led by Novo A/S

Inogen, Inc., a Goleta, CA-based manufacturer and accredited homecare provider of oxygen therapy equipment and services, has secured $20m in equity financing.

Backers include a group of investors led by Novo A/S.

The company intends to use the funds to expand its sales and patient support resources, spread awareness among oxygen therapy users and also further solidify its market position by investing in R&D and the commercialization of innovative new products.

Led by CEO Raymond Huggenberger, Inogen was accreditated as a national homecare provider for oxygen therapy in 2009.



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