Know Labs secures USD 12M funding for clinical research

Know Labs, Inc. announced it has entered into a funding agreement for an investment of up to $12 million, of which it has executed a $4 million close with Lind Global Fund II LP, an investment entity managed by The Lind Partners, a New York-based institutional fund manager.

Ron Erickson, Chief Executive Officer and Chairman at Know Labs, commented, “This investment will enable Know Labs to accelerate development across our four core work streams including, hardware development, expanded data collection in clinical research, algorithm development, and expansion of our defensible intellectual property moat around our technology. We remain focused on validating the performance of the Know Labs proprietary radiofrequency dielectric sensor in large-scale clinical trials on our path to submitting to the FDA for clearance, the world’s first non-invasive wearable continuous glucose monitor.”

“Lind is excited about its investment in Know Labs,” said Phillip Valliere, Managing Director at The Lind Partners. “Know Labs has demonstrated success across numerous development milestones and has built a strong intellectual property foundation to attract further investment and future strategic partnerships. We are pleased to invest in Know Labs to support its growth and we look forward to working with its high-caliber management team as it moves into this next phase of development.”
MB Bureau