Cleveland HeartLab pulled in $14.7 million in equity financing for its proprietary test for cardiac inflammation, according to a regulatory filing.
The CardioMPO test was developed by Dr. Stanley Hazen, director of the Cleveland Clinic’s center for cardiovascular diagnostics and prevention.
Cleveland HeartLab closed a $3 million round in 2010, with backers including Glengary and Second Generation Ltd.
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The round was led by Mutual Capital Partners, according to Crain’s Cleveland Business, and included existing investors Excel Medical Ventures, HealthCare Ventures and the Cleveland Clinic.
The filing listed 19 un-named investors and named as "related persons" Dr. Keith Kerman, an operating partner and senior advisor at the Riverside Company; Excel Venture Management’s Steve Gullans; HealthCare Ventures managing director Gus Lawlor; Wayne Wallace, a general partner at Mutual Capital Partners; and former Wisconsin governor (and current Senate candidate) Tommy Thompson.
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