The Boston Business Journal reports that wearable tech company MC10 is beating the bushes for a $40M funding round. A Form D the company filed last week with the Securities and Exchange Commission declined to state revenues but confirmed the equity offering.
The new round would put total investment in the company at $100M, with an estimated valuation of $300M, the paper said. Current funders, it said, are Aberdare Ventures, Braemar Energy Ventures, and North Bridge Venture Partners.
MC10, based in Lexington, MA, is a fairly quiet company whose best-known product forms the basis for Reebok’s Checklight, a concussion monitor. The company now appears to be focusing on stretchable medical sensors and flexible electronics and energy harvesting for the defense industry.