Haemanthus raises investment and replaces management amid technology validation and lack of products
- 1Haemanthus has raised a total of 20 million dollars, including 3.5 million dollars raised early from friends and family.
- 2Former Chief Technology Officer (CTO) Joseph LaChapelle resigned on March 16, 2026, due to conflicts of interest.
- 3Haemanthus requires 70 million dollars to develop its wearable device.
So what's the key point?
Haemanthus has raised 20 million dollars even though it has no products while its technology is being validated. Management has changed because 70 million dollars is needed to build the device.
Source Fortune · View original ↗
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