May 2, 2014 by Brad Perriello
GI Dynamics said it raised about $31.7 million (A$34.3 million) in a private placement with a group of "sophisticated, professional and accredited investors" overseas.
The Lexington, Mass.-based medical device company, which makes the EndoBarrier gastric sleeve, said the investors were from Australia, Hong Kong, the U.K. and “certain other jurisdictions.” >Read more
May 5, 2014 by Arezu Sarvestani
Lightstone Ventures is ready to make some disruptive companies with its newly raised $172 million medtech and lifesciences fund, saying that market outlooks are promising for new products.
The new raise tallies Lightstone’s “largest, 1st-time, U.S. life sciences venture fund raised in over 2 years,” and the investment firm already has some companies on the bankroll. Lightstone made unquantified investments in a trio of companies, including hearing technology maker EarLens, therapeutic devices maker FIRE1 and biopharmaceutical firm Catabasis. Read more
May 6, 2014 by Arezu Sarvestani
California ophthalmic incubator ForSight Labs is seeking $6 million in order to fund its VISION6 project, the latest in a string of developments spun out of the company.
The company declined to provide details on the new initiative, but an SEC filing shows that ForSight has already raised $1 million through sales of equity. The funding round began April 25 and there is 1 unnamed investor listed thus far. Read more
May 7, 2014 by Arezu Sarvestani
California-based EndoGastric Solutions touted $30 million raised in a Series G fundraising round in support of its acid reflux treatment device.
EndoGastric hopes to publish data from a trio of clinical trials, pursue reimbursement and develop new products with the funds, the company said. The company makes endoscopic surgical equipment for tissue-stapling in the stomach and esophagus, designed to treat reflux disease and, eventually, for bariatric applications. Read more