The newborn and pediatric screening test company baebies, inc. has raised more than $37.5 million in equity from 87 investors, months after raising nearly $12 million in debt financing, WRAL TechWire reports
In total, the company disclosed it had raised $37,568,813. But an SEC filing notes that the total offering amount was $50 million.
The Durham, NC-based company closed a $28.3 million equity round in May 2021, from 173 investors, as well. Other prior fundraising rounds came in 2015, 2018, and 2019.
Baebies received a $500,000 Strategic Growth Loan from the North Carolina Biotechnology Center in 2014. That funding came when the company was founded. The company went on to raise $13 million in equity financing the following year. Read more.
