Glucon, Inc. of Boulder, CO, USA announced today that it has closed a private financing round.

The financial investment was led by global venture capital firm 3i plc. New investors from the USA included: Sequel Venture Partners, Quest Capital Partnership and Hunt Ventures. Returning investors included:  Aurum Ventures, Giza Venture Capital, MKI, Infinity Venture Capital Fund, and Ascend Technology Ventures. Klaus Stoeckemann from 3i and Dan Mitchell from Sequel joined the board.

This financing round will continue Glucon''s development of its Optimus(tm) automated blood glucose measurement system for hospitalized patients. Patients in most Intensive Care Units and operating rooms are treated with Intensive Insulin Therapy in order to achieve Tight Glycemic Control. Insulin therapy protocols require hourly tests and currently these tests are performed using conventional finger-sticks - a painful, time-consuming and costly procedure. Aggressive treatment of insulin therapy results in significant improvements in overall morbidity and mortality.

Klaus Stoeckemann, healthcare partner at 3i said, "We are excited to join this international syndicate of co-investors to help bring Glucon''s products to the hospital market. The Glucose Monitoring market is a key focus area for 3i''s healthcare team. Glucon''s innovative blood glucose monitoring device promises to transform and improve patient care, shortening hospital stays and freeing up valuable nursing time."

-Ends-