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Thursday, December 8, 2011

Life Image lands $8M in new funding

By Rodney H. Brown

Newton medical imaging company Life Image Inc. has raised $8 million in a new fundraise, according to documents filed with the SEC.

While the document filed with the U.S. Securities and Exchange Commission did not disclose the names of any of the 13 backers in the new round, previous investors in Life Image include Cardinal Partners of Princeton, N.J., as well as Long River Ventures, Massachusetts Technology Development Corp. and Partners Innovation Fund.

In the SEC document, Life Image board members William Cowen of Long River, Thomas McKinley of Cardinal, Richard Wilmot of Partners Innovation and David Jahns of Galen Partners of Connecticut are named as related persons.

Life Image closed out its Series B funding round in January at $12 million, higher than originally planned when it filed with the SEC for the first tranche of the round in November, originally projected to close at $10 million.

CEO Hamid Tabatabaie, a serial entrepreneur who has spent 12 years in health care information technology operating startup companies in the diagnostic imaging market, co-founded Life Image in 2008. The company makes software for Internet-based exchange of medical images.
 

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