Insulet announced that it entered into an amended credit agreement to replace existing term loans. The automated insulin delivery technology developer entered into the agreement with Morgan Stanley Senior Funding. This agreement amended a credit agreement dated May 4, 2021. Pursuant to the agreement, the $487.5 million in term loans outstanding under the existing agreement […]
Funding Roundup
Sight Sciences closes $65M credit facility
Sight Sciences (Nasdaq:SGHT) announced that it closed a senior secured credit facility worth up to $65 million. The credit facility with Hercules Capital includes the immediate draw of $35 million. Menlo Park, California–based Sight Sciences used the proceeds to pay off the principal amount of debt to its previous secured lender. In addition to the […]
Motif Neurotech raises $18.75M Series A for miniature brain pacemaker
Motif Neurotech announced today that it brought in a Series A financing round worth proceeds of $18.75 million. Arboretum Ventures led the financing with new investors KdT Ventures, Satori Neuro, Dolby Family Ventures and re.Mind Capital participating. Existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory contributed as well. The company […]
Heart failure startup Acorai closes $4.5M funding round
Acorai announced today closed an oversubscribed seed equity funding round worth proceeds totaling more than $4.5 million. Helsingborg, Sweden-based Acorai develops a first-of-its-kind device aimed to improve heart failure management. The non-invasive intracardiac pressure monitoring device aims to improve heart failure management. It received FDA breakthrough device designation in August following positive results from a […]
Accelus picks up $20M to support expandable spine implant tech
Accelus announced that it received a significant financial investment through a $20 million debt facility from Symbiotic Capital. Palm Beach Gardens, Florida-based Accelus says the strategic funding represents a critical milestone in the company’s journey. It aims to establish itself as the global market leader in expandable spinal implant solutions. Adding the capital strengthens its […]
Biorithm raises $3.5M Series A for remote maternal monitoring tech
Biorithm announced that it closed a $3.5 million Series A funding round to support its personalized, connected maternity care technology. Adaptive Capital Partners and SEEDS Capital co-led the funding round. Cambridge, Massachusetts-based Biorithm plans to use the funds to fuel its expansion in Southeast Asia and the U.S. It also plans to use the cash […]
Myomo to raise $6M with eyes on Medicare coverage
Myomo (NYSE:MYO) announced today that it entered into securities purchase agreements worth approximately $6 million. The company entered into agreements with certain new and existing institutional investors, plus insiders at Myomo. This agreement includes nearly 1.6 million shares of common stock priced at $3.80 per share. In conjunction with the offering, Myomo disclosed that it […]
Dental robotics company Neocis raises $20M
Neocis, maker of surgical technology for robot-assisted dental implants, announced today that it raised $20 million in additional funding. Maimi-based Neocis received investments from Mirae Asset Capital/Mirae Asset Venture Investment. They have an affiliation with the Mirae Asset Financial group and invest in growth-stage healthcare and technology businesses. NVentures, NVIDIA’s venture capital arm, also participated […]
3M wins $34.2M contract to develop wound care solutions
3M Health Care announced that its Medical Solutions Division received a $34.2 million award from the U.S. Army Medical Research Acquisition Activity. The award enables 3M to develop a range of new solutions for infection prevention, wound management and wound healing. St. Paul, Minnesota-based 3M plans to lead a program focused on treatment strategies for […]
Stanford Biodesign co-founder joins Sofinnova Partners
Sofinnova Partners — a prominent life sciences venture capital firm based in Paris, London, and Milan — has added Stanford Biodesign co-founder and director Dr. Joshua Makower as an advisory venture partner. It’s been 23 years since Makower co-founded Stanford Biodesign alongside Dr. Paul Yock. They were instrumental in devising “The Biodesign Process” — used […]
Nalu Medical raises $65M for neurostim tech
Nalu Medical announced today that it closed a $65 million equity financing to support its minimally invasive neurostimulation product. Carlsbad, California–based Nalu had its round led by new investor Novo Holdings. All existing significant investors — including Gilde Healthcare, MVM Partners, Endeavor Vision, Decheng Capital, Longitude Capital, Advent Life Sciences, Pura Vida and Aperture Venture […]