Santa Barbara, CA - Square 1 Bank, the exclusive banking partner to entrepreneurs and the venture capital community, proudly announces the extension of a $6 million credit facility to oxygen therapy innovator, Inogen, Inc. With a commitment to revolutionizing oxygen therapy, Inogen provides an innovative, cost effective respiratory home healthcare equipment solution that improves quality of life for patients and increases efficiency for homecare providers.
“Due to Inogen’s growth, we needed a financial partner that takes the time to understand our unique business needs and who can grow with the company to help us jointly increase the freedom and independence of oxygen therapy users”, said Raymond Huggenberger, Inogen CEO.
“We are confident in the company’s ability to execute on an impressive new business model,” stated Chris Woolley, Square 1 Bank’s EVP of Venture Banking. “In our commitment to fuel innovation, we are pleased to help grow a pioneering business like Inogen and be a long-term partner. Their strong investors and management team will no doubt continue to scale the business.”
Inogen is innovation in oxygen therapy. Our mission is to improve freedom and independence for oxygen therapy patients through innovative products and services. As a manufacturer and Accredited Homecare Provider dedicated to oxygen therapy, Inogen is ideally suited to develop products tailored to oxygen therapy users and to provide superior service to those users in their homes. Corporate website: www.inogen.net, product website: www.inogenone.com.
About Square 1
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide solid support for its clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. For more information, visit www.square1bank.com .
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