Baebies has raised nearly $12 million in debt financing from 87 investors, according to an SEC filing, reports WRAL TechWire.
The filing notes that the company began to raise funds in May 2021. The company closed a $28.3 million equity round in May 2021, from 173 investors, as well.
But the latest round, which will yield the company $11,943,439, is a debt-only round.
The company received a $11.6 million grant in April 2021, which was to be allocated in order “to support the development of a near-patient and rapid diagnostic testing platform to identify sepsis, specifically for neonatal and pediatric patients.” Read more.
