Ra Medical yesterday registered for an initial public offering worth up to $86.5 million, according to a recently posted SEC filing. The Carlsbad, Calif.-based company said it plans to list on the New York Stock Exchange under the symbol “RMED,” according to the SEC posting. Piper Jaffray and Cantor Fitzgerald are acting as joint book runners […]
Funding Roundup
CyberMDX closes $10m Series A
Healthcare cybersecurity group CyberMDX said today it closed a $10 million Series A round of financing. The Series A round was led by Pitango Venture capital and joined by OurCrowd Qure, the New York-based company said. CyberMDX provides non-intrusive solutions related to risk management and threat prevention and detection functionality for medical devices and other […]
Polares Medical raises $25m
Preclinical Swiss medtech group Polares Medical said today it closed a $25 million funding round to support its mitral valve repair technologies. Funding in the round was led by Decheng Capital and joined by Endeavour Vision, IDO Investments, Earlybird Venture Capital and Wellington Partners, the company said. Polares Medical is developing a “hemi-replacement” solution for […]
Creo Medical raises $64m
Creo Medical Group (LON:CREO) said last Friday it raised $64.2 million (GBP £48.5 million) through three private placements. The Chepstow, Wales-based company said it sold approximately 38.8 million shares at $1.66 per share (GBP £1.25) and that the placements were “significantly oversubscribed.” Creo Medical said it expects to see net proceeds from the offering of approximately […]
Fresenius put $2m into Vectorious Medical’s $10m Series B
Fresenius (NYSE:FMS) said today that its venture arm put $2 million into a Series B round for Vectorious Medical Technologies that brought in a total of nearly $10 million for the cardiac implant company. Tel Aviv-based Vectorius is developing the V-Lap implantable wireless heart monitor, which is designed to monitor pressure in the heart’s left atrium. The $9.5 […]
Venous reflux cath dev Venclose closes oversubscribed Series B
Venous reflux disease treatment developer Venclose said this week it closed an oversubscribed Series B round of financing, but did not disclose the amount raised. The San Jose, Calif.-based company said that the round was joined by new and existing investors, and that proceeds from the round will help support new product development, manufacturing expansion […]
Cingulate raises $7.5m for controlled-release ADHD therapy
Cingulate Therapeutics said today that it landed a $7.5 million investment to help fund the development of its controlled-release ADHD drugs. The Kansas City-based company is working on a set of therapies that utilize its ‘Precision Time Release’ drug-delivery platform. Cingulate’s CEO, Shane Schaffer, told Drug Delivery Business News that his company set out to create an ADHD therapy that tackles all […]
EndoGastric Solutions adds $31m
EndoGastric Solutions, which last week reported raising more than $25 million, said today that the total raise was $30.5 million. Redmond, Wash.-based EndoGastric Solutions said the round was led by existing backers Advanced Technology Ventures, Canaan Partners, Canepa Healthcare, Chicago Growth Partners, CRG, Radius Ventures, Sightline Partners and “several new healthcare investors excited about EGS’ commercial […]
Ajax Health raises $120m Series B
Ajax Health, the company formed last year by a pair of private equity giants to manage their medical device investments, said today that it raised a Series B round of $120 million. In May 2017 KKR and Aisling Capital joined to launch Ajax, tapping Spirox chairman & CEO Duke Rohlen to lead it. Rohlen is the former president of FoxHollow Technologies and the founder […]
Neuronetics reels in $108m from IPO
Neuronetics (NSDQ:STIM) this week closed its initial public offering, according to a document filed with the SEC. The Malvern, Penn.-based company said that it offered 6,325,000 shares of its common stock and that underwriters exercised in full their option to buy additional shares, bringing the total proceeds from the IPO to $107.5 million. Shares began trading […]
StratoScientific raises $12m for smartphone stethoscope
Privately-held StratoScientific has raised $12.4 million from 12 investors as part of an indefinite offering that began in June of 2016, according to a document filed this week with the SEC. The Washington-based company sells a device that is integrated into a smartphone case and when paired with its mobile app provides real-time visualization of […]