Peerbridge Health has raised $1 million, according to a Form D filing with the SEC, and that could be just the first portion of a large round.

The company is developing a medical grade wearable sensor to monitor ECG and other vital signs. This sensor, along with a companion cloud-based service, could aggregate and analyze data for medical professionals, athletes and sports coaches.

Peerbridge is also pursuing FDA clearance for its wearable technology, and will undoubtedly use some of the funds towards that goal.

On its site, the company talks about different markets it targets to cover the entire continuum of care. Its technology, Peerbridge claims, sits at the intersection of medical devices and consumer markets, making it useful for remote monitoring services, as well as for fitness enthusiasts and athletes who could use it to improve their wellbeing and performance.

In January 2015, the company has raised its previous round of $4.9 million, according to CrunchBase.

[Via: MedCityNews]