Blue Spark Technologies Inc., a leader in wearable remote patient monitoring solutions, recently announced it raised $40 million through intellectual property (IP)-backed financing, led by Ghost Tree Partners, joining a growing list of IP-rich companies that are benefiting from Aon’s unique approach to helping firms raise non-dilutive growth capital. This funding will accelerate the firm’s effort to encourage widespread adoption of continuous wearable remote patient monitoring solutions. According to Blue Spark Technologies, their patented innovation is the only continuous, disposable, real-time body temperature monitoring patch that gives healthcare providers a way to monitor patients for fever spikes for up to 72 hours.
“Innovation is the key to a growth economy,” said Lewis Lee, CEO, IP Solutions at Aon. “We are excited to help IP-rich, technology-driven companies like Blue Spark unlock value so they can further pursue their growth ambitions without diluting their own ownership.”
Aon was recently named to Fast Company’s Most Innovative Companies list for our innovative approach to valuing and protecting intellectual property. You can learn more about Aon’s IP Solutions in episode 8 of the “On Aon” podcast and in this article in Techonomy.
Read more about our collaboration with Blue Spark Technologies here.