Devices & Diagnostics

Fundraising: Startup that makes CO2 monitoring tool to detect septic shock seeks $4 million

ExoStat Medical that makes a carbon dixoxide measurement device to provide early signs of body going into septic shock seeks $4 million.

Company name: ExoStat Medical Inc.

Industry: Medical Devices.

presented by

Location: Prior Lake, Minnesota.

Solution/product: MicroStat is a hand-held system that measures CO2 levels under the tongue to diagnose septic shock.

Money raised: $565,000; seeking $4 million in total.

How it will be used: A call to company was not immediately returned.

presented by

Investors: Unknown; shares were distributed among chairman and two company officers.

Management team: Hayden Fleming, chairman; Charles Snead Jr., secretary and treasurer; Kent Winger, executive vice president and chief operating officer.

Market size: $600 million opportunity, according to the company.