McDermott Advises Diabeloop on New Series C Financing Round
McDermott Will & Emery advised Diabeloop, a Grenoble-based artificial intelligence company specialising in the treatment of diabetes, on its Series C financing round – led by LBO France, joined by Terumo Corporation, Innovacom and backed by Diabeloop’s long standing partners – to power the company’s commercial roll-out and global expansion.
This is the third round of financing for Diabeloop.
This round of financing will enable Diabeloop to continue the development of its DBLG1 algorithm, which is hosted in a dedicated terminal that serves as a user interface with the system, associated with a continuous glucose sensor (CGM) and an insulin pump.
The McDermott team comprised:
Fabrice Piollet, partner, Marie-Muriel Barthelet, counsel and Alexandre Bomet, associate, on the corporate aspects;
Anne-France Moreau, partner, and Lucie Martin, associate, on the life sciences aspects;
Antoine Vergnat, partner, and Côme de Saint-Vincent, counsel, on tax aspects
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