Austin-based Monebo technologies today announced that it has secured Series B financing, but has not disclosed the amount. The round was led by Fairway Medical Technologies, a portfolio company of the Baylor College of Medecine venture arm. The money will be used to continue to commercialize the company’s products; the CardioBelt Wireless ECG System, and the ECGAnalyzer Interpretation Algorithm.

In conjunction with the financing, Leo Womack, the chairman of Fairway Medical, will join the board of Monebo. A quick search on the web finds that Leo is also a stockholder in Shumate and O.I. Corp which are publicly traded companies. He has been on the board of Fairway Medical since 1996, but begain his career as an accountant at Arthur Andersen & Co. He was a partner in his own accounting firm for many years, and is a CPA and real estate investor.

In October 2006 Monebo received a $500,000 grant from the Texas Emerging Technology Fund.

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