Miramar Labs lands $35.8 million | Funding Roundup

June 8, 2011 By MassDevice staff

Miramar Labs Inc. raised $35.8 million in a Series C funding round, leaving them just shy of their $36 million goal, according to an SEC filing.

The Sunnyvale, Calif.-based company’s claim to fame is miraDry, a laser-based treatment for excessive underarm sweat. The device uses microwave energy to cook sweat glands in two hour-long noninvasive doctor’s office visits.

The company plans to use the funds to begin marketing the device, according to Xconomy.

New investors Aisling Capital and Cross Creek Capital led the round, which was joined by existing investors Domain Associates and Morgenthaler Ventures, Xconomy reported.

The miraDry device won clearance from the U.S. Food & Drug Administration in February.

Here’s a roundup of other dealflow and investment news:

Minerva Surgical touts $26 million round

Minerva Surgical Inc. is close to fulfilling a $26.2 million financing round from sales of equity, options, and securities. The company, which develops a device for treating abnormal uterine bleeding, is $8,344 away from their goal. The investments come from 19 parties, according to the filing.
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Regenesis raises $5.3 million
Regenerative medicine company Regenesis Biomedical Inc. closed a $5.3 million Series C equity financing round, led by Fulcrum Equity Partners and TGap Ventures, and including prior investor Solstice Capital. The company plans to use the funds to expand its sales force and payer sources, according to the release.
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Vycor completes $1.6 million equity round
Vycor Medical Inc. (OTC:VYCO) closed a $1.6 million financing round in sales of preferred shares and warrants, part of a prior agreement with Fountainhead Capital Management Limited as a result of the company’s acquisition by NovaVision Inc. Vycor designs devices to work with brain and spinal surgeries.
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PolyRemedy touts $8 million Series C round
PolyRemedy Inc. raised $8 million of a $10 million sought in a Series C equity round. The Mountain View, Calif.-based company deals in customized dressing for patients with chronic wounds, like diabetic ulcers.
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Using gold nanoparticles to detect COVID-19
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How to meet challenges with innovative machining
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Vexos to manufacture 10,000 ventilators for Canadian COVID-19 patients
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Merck eyes tiny patches as a vaccine delivery method
Merck has exercised its option to use Vaxxas‘ High Density Microarray Patch (HD-MAP) platform as a delivery platform for a vaccine candidate, the companies announced today. The companies did not disclose what the vaccine candidate is supposed to treat. But Merck this month announced two COVID-19 vaccine development efforts: a collaboration with IAVI and plans… […]
Qioptiq to build new plant in Germany
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Pioneer Metal Finishing launches surface tech resource
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A team of physicians and engineers developed a hands-free resuscitator bag compression device that can be utilized as an emergency ventilator during the COVID-19 pandemic. As the pandemic goes on and a shortage of vital equipment, including ventilators, continues, a number of companies and research teams from all over have worked to create alternative options. One… […]