Inogen secures $20 million in equity financing to promote growth

Inogen, Inc., of Santa Barbara, Calif., a manufacturer and home care provider of oxygen therapy, recently announced that it has secured $20 million in equity financing from investors led by Novo A/S. The money will support Inogen’s continued growth. Specifically, the company said it will use the capital to expand sales and patient support resources, spread awareness among oxygen therapy users and solidify its market position through research and development.