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WRAL TechWire: ELO Life Systems announces more than $20 million in new financing

January 25, 2024

By Jen McFarland, WRAL TechWire

DURHAM — Just a year after their Series A financing round of $24.5 million, Durham-based Elo Life Systems has shared the announcement of an oversubscribed Series A2.

Like last year’s funding, this round is equity-based and involves 14 investors, according to the initial SEC filing. The company has also provided a press release announcing $20.5 million raised in this round, with financing led by DCVC Bio and Novo Holdings, both of which also participated in the Series A financing. The SEC filing leaves open funding up to $25 million.

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