It is heartening to see that Armenian VC funds are actively supporting not only Armenia-born startups or Diaspora Armenian-founded startups.

SmartGate VC and Triple S Ventures invested in TheraB Medical, a medical technology company specializing in neonatal care solutions along with Suncoast Ventures, Baker Bridge Capital, Michigan Rise and Wisconsin River Business Angels.

The funds raised will be used to advance the development and commercialization of TheraB's flagship product, SnugLit - a portable and wearable phototherapy device designed to treat infant jaundice while keeping baby in the arms of their parents throughout treatment.

Congratulations to Triple S VC and SmartGateVC on this achievement. This is another demonstration of advancing maturity of the Armenian startup ecosystem 🎊

https://t.me/threenstartups

#smartgatevc #triplesvc #investment #therabmedical

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