Inogen files IPO to raise up to $86.2M
Inogen was founded in 2001 by three UCSB students, one of whom had a grandmother who had recently been placed on
oxygen therapy. The therapy required heavy, bulky oxygen tanks that could not be taken on airplanes and other places.
After winning the New Venture Competition business plan contest at UCSB, the team went on to develop a device that
used electricity to concentrate oxygen from the air. The concentrators were lighter and less bulky, weighting between 4.8
and 7 pounds...
SOURCE: PACIFIC BUSINESS TIMES