Funding Roundup
Holaira lands $42M for lung denervation trial
Holaira said it raised a $42 million Series D round it plans to use for what it claims as the 1st randomized lung denervation trial with a sham control arm.
Minneapolis-based Holaira said the round was led by Vertex Venture Holdings and included 2 unnamed strategic investors, Windham Venture Partners and existing backers Advanced Technology Ventures, Morgenthaler Ventures, Split Rock Partners and Versant Ventures.
Halt Medical raises $92.8M ahead of U.S. launch of uterine fibroid treatment
California women’s health company Halt Medical is raising capital ahead of a major commercial bid for its Acessa radiofrequency-based uterine fibroid treatment.
Transcend Medical closes on $22M Series C round
Transcend Medical said it closed on a Series C round worth $22 million that included a contribution from an unnamed "global pharmaceutical and medical device company."
Transcend, which is developing a micro-stent called the CyPass to treat glaucoma, said it plans to use the proceeds to complete its Compass pivotal trial for the CyPass device. The study’s follow-up period is slated to be complete during the 2nd quarter of 2015, according to a press release.
Cytomedix lands $35M for wound care products
Stealthy Auris Surgical Robotics raises $34M for eye-surgery device
Stealthy Auris Surgical Robotics, which is led by Intuitive Surgical (NSDQ:ISRG) founder Dr. Frederic Moll, said it raised more than $34 million in an equity round.
Lombard Medical sets range for $55m – $65M IPO
Lombard Medical Technologies (LON:LMT) today set the range for its forthcoming U.S. initial public offering, saying it plans to price its shares between $15 apiece and $18.
Axonics raises $33M for its neuromodulation tech
Axonics Modulation Technologies said it drummed up a $32.6 million Series A round for the neuromodulation technology it’s developing to treat chronic pain and overactive bladder.
Irvine, Calif.-based Axonics said the round was led by Edmond de Rothschild Investment Partners and included NeoMed Management, Legend Capital and "a select group of private individuals."
Invendo Medical raised $28 million for its single-use colonoscopy system | Medtech funding stories for the week of Mar. 24, 2014
Neovasc raises $22.5M for cardiac implants
Veran nears $5M fundraising goal for airway imaging
Missouri-based Veran Medical Technologies is on the verge of closing a $5 million funding round in support of its electromagnetic airway mapping system, regulatory filings show.