St. Louis-area medical tech firm raises $71 million

Photo by Nicole Lunger
Photo by Nicole Lunger

Venture capital firms invested $78.5 million in St. Louis companies during the third quarter, the largest amount in nearly three years, but 90 percent of the money went into one investment: Essence Group Holdings of Maryland Heights, a medical technology firm that operates as Lumeris.

Essence Group raised $71 million from investors led by Sandbox Industries of Chicago. A MoneyTree report says Essence Group was one of six St. Louis companies to complete fund-raising during the quarter. The other five deals were much smaller.

Read more from the St. Louis Post-Dispatch

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