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Sleep-disorder Tech Maker, Dymedix Diagnostics Inc., Gets $2.5 Million; Seeks Another $1.5 Million


2/17/2012 8:36:38 AM

Minneapolis / St. Paul Business Journal by Katharine Grayson, Staff reporter

Dymedix Diagnostics Inc., which makes sensors used to diagnose sleep disorders, has raised $2.5 million in capital from angel investors.

The Shoreview-based firm will use the funds to ramp up sales and marketing, said Evan Johnston, the business’ interim chief operating officer. Company officials hope to ultimately raise about $4 million.

“We’ve never had the capital to really do sales and marketing properly to capture enough market share,” he said.

The company initially built a direct sales force. It now plans to expand its business via partnerships with manufacturers of other sleep-diagnostics products.


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