CardioKinetix closes $23M tranche in $48M Series E round

February 28, 2013 by Brad Perriello

Medical device company CardioKinetix closed the 2nd, $23 million tranche of the $48 million Series E funding round for its Parachute ventricular partitioning device.

CardioKinetix Parachute

CardioKinetix said it's raised $48 million in its Series E round with the closure of a 2nd tranche worth $23 million and plans to use the proceeds to further its Parachute ventricular partitioning device, which is in a pivotal trial.

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