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Chicago’s Neopenda raises seed round to produce wearable neonatal monitors

ImpactAlpha, May 1 – About 80% of the roughly three million newborn deaths in developing countries are preventable, according to the World Health Organization.

Neopenda’s wearable device monitors a newborn’s vital signs, including pulse rate, respiratory rate, blood oxygen saturation and temperature and alerts nurses and doctors if something is wrong.

The Chicago-based startup raised raised $1.04 million to manufacture and commercialize the product, and expand on its clinical pilot in Uganda. Seed financing came from New York-based Axel Johnson and East Africa-based venture firm Sunu Capital.

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