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Vapotherm Closes Financing Round, Appoints James Liken as Chairman of the Board and Opens New Corporate Headquarters
Date:4/24/2013

EXETER, N.H., April 24, 2013 /PRNewswire-USNewswire/ -- On April 12, 2013 Vapotherm closed a $29MM financing round which was led by the 3x5 Special Opportunity Fund L.P. and included new investor Morgenthaler Venture Partners L.P.  Existing investors GE Asset Management, Kaiser Permanente, Integral Capital Partners, QuestMark Partners and Cross Creek Capital also participated in the current round. The proceeds from this financing will be used to fund the Company's growth plans.

Tony Arnerich , General Partner of the 3x5 Special Opportunity Fund, and Jason Lettmann , Principal of Morgenthaler Venture Partners, both join the Board of Directors.

"We are delighted to be a part of the Vapotherm story," said Tony Arnerich , General Partner of the 3x5 Special Opportunity Fund.  "The unique technology and its clinical benefit for patients with a wide variety of breathing disorders is what appealed to our group. We look forward to supporting the Company and its management team."

James "Jim" Liken, a board member since April 2010, has agreed to serve as Chairman of the Board of Directors.  Jim has extensive experience with respiratory technology companies, including Respironics Inc. where he served as President and CEO from August 1999 through December 2003 and as Vice Chairman until March 2008.

"I have been part of the team for almost three years and am pleased to serve in this new capacity.  This is a very exciting time for Vapotherm," said Jim Liken.

Bill Niland , Founder of Vapotherm said, "We appreciate the support of new investors 3x5 and Morgenthaler and our existing investors, as well as Jim's commitment to serve as Chairman of the Board.  He brings a wealth of knowledge and experience to our organization."

In addition to closing the financing Vapot
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SOURCE Vapotherm, Inc.
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