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News and Information Article
Cross Atlantic Partners and Milestone Venture Partners join existing
investor Battery Ventures to build on continued success of the
diabetes/health multimedia information network
WESTPORT, Conn., Nov. 15 // -- LifeMed Media (commonly known
as dLife) announced that it has secured $9.5 million in Series C Growth
Capital led by Cross Atlantic Partners, a top-tier healthcare venture
capital firm . LifeMed Media is the first and only multimedia healthcare
company focused on disease-specific community aggregation.
The investment will be used for web expansion, new product offerings,
new distribution, and marketing. John Cassis of Cross Atlantic Partners
will join the LifeMed Media Board of Directors. LifeMeds first offering
dLife - For Your Diabetes Life (dLife), is the first and only integrated
media network created for the 21 million people living with diabetes, plus
their families and those at risk of developing diabetes - a community of
some 80 million in all. dLife provides knowledge, insight, advice, and
inspiration to this group through its website dLife.com, a radio feature
dLifeRadio, a direct mailed newsletter program dLifeConnect, professional
and ethnic programs, and dLifeTV, the first weekly diabetes lifestyle show.
Produced by dLife, the show airs Sundays on CNBC at 7 pm ET/4 pm PT. as
well as other outlets.
According to LifeMed Media Founder & CEO Howard Steinberg, "We are
extremely delighted to have such value-add investors that have a deep
understanding of the healthcare space and who appreciate our vision." Funds
will be used to build on the success of the diabetes community and
information aggregator. John Cassis commented, "Cross Atlantic Partners is
excited about the trailblazing efforts at dLife in diabetes education."
Batterys Neeraj Agrawal agreed: " were pleased to continue our support of
the company and management team given the steady traction dLife has made in
the marketplace." Says Steinberg, "Indeed, we are providing so much good to
so many. dLife is making a difference!"
About dLife
dLife is the only integrated consumer/patient education and marketing
platform that effectively targets and reaches the diabetes community. The
dLife media network consists of dLifeTV; dLife.com; dLifeRadio; the direct
mail newsletter dLifeConnect; and other dLife programs. More information is
available at http://www.dlife.com.
About Cross Atlantic Partners
Cross Atlantic Partners has been investing exclusively in later stage
health and life sciences companies since 1994. More information is
available at http://www.crossatlanticpartners.com.
About Milestone Venture Partners
Milestone Venture Partners invests in early-stage, technology-enhanced
service businesses, specializing in the media, healthcare, and financial
services sectors. (http://www.milestonevp.com)
About Battery Ventures
Since 1983, Battery has partnered with entrepreneurs and management
teams across technology sectors, geographies and stages of a companys
life, from start-up and expansion financing, to growth equity and buyouts.
visit http://www.battery.com
Press Contact: Tom Karlya
dLife
203.221.3453
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