Cohera Medical over halfway through $25 million funding round

June 14, 2010 by MedCity News

Cohera Medical Inc. inches past the midpoint of $25 million Series C round.

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By Brandon Glenn

Cohera Medical Inc. has raised $12.7 million in investment funding, nudging past the halfway point to what it hopes will be a $25 million Series C round.

The funding comes in the form of convertible notes and was raised from existing investors, CEO Patrick Daly said. Daly expects Cohera’s 28 existing investors to contribute a total of $15 million toward the Series C round. He hopes to source the remaining $10 million from new investors in the coming months.

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