Salient Surgical Tech banks $15 million from new venture round

January 8, 2010 by MassDevice staff

Salient Surgical Technologies Inc. completes its seventh venture round as returning investors continue to wait for market conditions to improve for another run at an IPO.

Salient Surgical logo

Financial backers of Salient Surgical Technologies Inc. are again stepping up to protect their investments, ponying up $15 million in new funding while they wait for an eventual liquidity event.

The deal is the Portsmouth, N.H.-based company's seventh funding round over the past decade and its second since it shelved plans for an initial public offering in late August, 2008. Since then, venture funds and other institutional investors have pumped nearly $33 million into Salient, including the current round, building on previous financing efforts totaling almost $94 million.

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