Vibrant, a Yokneam Illit, Israel-based developer of gastrointestinal treatments, held the first closing of a $7.5m Series E funding round.
The round was led by Unorthodox Ventures. With the investment, Unorthodox Ventures Founding Contrarian Carey Smith, who founded fan and light maker Big Ass Fans, will join Vibrant’s Board of Directors.
Led by CEO Lior Ben-Tsur, Vibrant has developed a non-drug treatment for the increasing number of people who live with chronic constipation and suffer from the common side effects caused by traditional medications. The company’s drug-free, orally administered vibrating capsule induces bowel movement, and a companion patient app allows remote monitoring of patients’ condition by physicians.
Once swallowed, the company’s vibrating capsule kickstarts the natural impulses of an intestinal wall to contract, relax and get things moving again.