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Laxmi Therapeutic Devices, Inc.

Develops a continuous glucose monitor for people with diabetes.

Updated Nov 10, 2026·Latest SEC filing Jul 14, 2026·Suggest an edit

About Laxmi Therapeutic Devices

Laxmi Therapeutic Devices is a private company based in Goleta, California. It has reported $60,350,642 raised in ten offerings on Form D since July 2016. Its chief executive is Peter Rule.

Funding Rounds (SEC Form D)

First saleFiled with SECAmount soldInvestorsAvg. checkTermsFiling
Jul 10, 2026Jul 14, 2026$2,150,000fully sold5$430KDebt, Options, Securities on exercise, Convertible NotesRule 506(b)Form D ↗
Jul 31, 2024Aug 1, 2024amended Feb 21, 2025$14,999,999of $15.0M target5$2.9MEquity, Series Seed VII Preferred StockRule 506(b)Form D/A ↗4 earlier filings
Nov 29, 2023Nov 30, 2023$5,000,000fully sold4$1.2MEquity, Series Seed VI PreferredRule 506(b)Form D ↗
Jul 26, 2022Jul 26, 2022$8,999,998fully sold6$1.4MEquity, Series Seed V PreferredRule 506(b)Form D ↗
Mar 3, 2021Apr 12, 2021$13,200,000fully sold4$3.3MEquity, Series Seed V PreferredRule 506(b)Form D ↗
Jun 1, 2020Jun 4, 2020amended Oct 28, 2020$6,000,000fully sold2$3.0MEquity, Series Seed IV PreferredRule 506(b)Form D/A ↗1 earlier filing
Dec 2, 2019Dec 4, 2019$6,000,000fully sold3$2.0MEquity, Series Seed III PreferredRule 506(b)Form D ↗
Oct 30, 2017Nov 7, 2017amended Dec 14, 2017$2,500,025fully sold2$1.2MEquityRule 506(b)Form D/A ↗1 earlier filing
Jul 15, 2016Jul 19, 2016$1,500,000fully sold1$1.5MEquityRule 506(b)Form D ↗
Jul 6, 2016Jul 13, 2016$620fully sold5$124EquityRule 506(b)Form D ↗
Total, ten offerings$60,350,642

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Leadership Team

Executive officers and directors listed on Laxmi Therapeutic Devices's Form D filed Jul 14, 2026.

Sumita Pennathur
Sumita Pennathur
Board Member & Co-Founder
John Livingston
John Livingston
Board Member
Peter Rule
Peter Rule
CEO and director
Matthew Berger
Matthew Berger
Board Member

Earlier filings also listed John Gerngross (secretary and director, last listed Feb 2025), Rachael Scherer (director, last listed Jul 2022), Bill Van Antwerp (director, last listed Jul 2022), Radhika Krishnan (director, last listed Oct 2020), Radhika Krishman (director, last listed Dec 2019), Bill Van Antwery (director, last listed Dec 2019), Richard Low (director, last listed Dec 2017) and Luke Theogarajan (executive officer and director, last listed Dec 2017).

Sources

  1. SECLaxmi Therapeutic Devices, Inc. Form D/A, filed Jan 21, 2025
  2. SECLaxmi Therapeutic Devices, Inc. Form D/A, filed Jan 10, 2025
  3. SECLaxmi Therapeutic Devices, Inc. Form D/A, filed Oct 1, 2024
  4. SECLaxmi Therapeutic Devices, Inc. Form D, filed Aug 1, 2024
  5. SECLaxmi Therapeutic Devices, Inc. Form D, filed Jun 4, 2020
  6. SECLaxmi Therapeutic Devices, Inc. Form D, filed Nov 7, 2017
  7. SECLaxmi Therapeutic Devices, Inc. filing history
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