Venture capital funding isn’t what it used to be for medical device startups, but there are actually reasons to feel optimistic about medtech funding. That was the big takeaway from a four-expert panel at DeviceTalks Minnesota last month. (The next DeviceTalks is Oct. 2 in Boston.) Charlie Whelan, director of transformational health consulting at Frost & Sullivan, […]
Neochord raises $12.6m for mitral repair device
Neochord said it raised $12.6 million in debt of a hoped-for $20 million funding round to support its DS1000 minimally invasive mitral valve repair system. The Neochord device is designed to allow the implantation of artificial chordae tendinae, thread-like connectors that anchor leaflets of the mitral valve to heart muscle, the Minnesota-based medical device company […]
HALT MEDICAL, INC. CLOSES ON FIRST $20 MILLION OF A $50 MILLION FINANCING
Livermore, CA. February 11, 2012 Halt Medical, Inc. announced today that it has closed on the first $20 million of a planned $50 million debt and equity financing.
“Leading the financing with the first $20 million is our long term investment partner American Capital Strategies (ACAS). American Capital’s financial resources, global perspective and life science expertise has made them the perfect financing partner for Halt Medical. Following the lead of American Capital, other investors are climbing on board. We will be closing on another $10 million this quarter with the option for an additional $20 million”, said Jeff Cohen, Halt Medical CEO.
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