DarioHealth closes $5.1 private placement

Israel-based DarioHealth Corp, a provider of digital health solutions, has raised $5.1 in a private placement. OurCrowd Qure was the lead investor. PRESS RELEASE DarioHealth Corp. (DRIO), a leader in digital health and mobile health solutions, announced today the execution of definitive agreements for an aggregate raise of $5.1 million. The private placement transaction was organized by DarioHealth. DarioHealth closed on $3.1 million of the transaction on January 9, 2017, with the closing of the remaining $2 million to occur upon receipt of stockholders approval pursuant to Nasdaq rules. The offerings are expected to result in gross proceeds of approximately $5.1 million, assuming stockholder approval for the $2 million portion of the transactions is obtained. The successful fundraising round was led by OurCrowd Qure, Israel’s First Exclusive Digital Health Fund, and by existing shareholders. OurCrowd Qure was launched by OurCrowd, a leading equity crowdfunding platform
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