CardioFocus Inc. pulled in nearly $14 million in a hoped-for $16 million funding round, according to a regulatory filing.
The Marlborough, Mass.-based company is developing a visually guided balloon catheter that uses a rotating laser to ablate the tissue surrounding the pulmonary artery’s entrance into the heart. The technology is intended to reduce atrial fibrillation.
CardioFocus counts KBL Ventures, Oxford Biosciences Partners, SV Life Sciences Advisors and H.I.G. Ventures as investors. The company raised $6 million in a debt offering in 2009 and another $5 million in an April 2010 offering of equity, debt, options and warrants, according to regulatory filings.