Inogen Secures $20M For Oxygen Therapy Devices

Santa Barbara-based Inogen, a provider of oxygen therapy equipment and services, said Thursday that it has scored a $20M, equity funding round. The round was led by Novo A/S. Inogen, which is led by Raymond Huggenberger, said the new funds will go to support growth. Inogen is a developer of oxygen therapy products, including home oxygen generators, which are supplied to patients with pulmonary diseases such as COPD. The firm's equipment helps reduce the reliance and difficulty of oxygen canister delivery. More information »