Velano Vascular announced today that it closed the second tranche of a $25 million growth financing to bring its total funding to more than $50 million. The total funding collected from insiders, venture capital firms, hospital partners and undisclosed healthcare industry multinationals is earmarked for Velano’s planned commercialization and the launch of additional inpatient medical […]
Velano Vascular raises $10m
Velano Vascular said today that it raised $10 million in a new round of financing to support its novel vascular access solutions. The round was joined by strategic investor Intermountain Healthcare, Kapor Capital, Marc Benioff, former Baxter International CEO Robert Parkinson and former BD CEO Edwards Ludwig, the San Francisco-based company said. Velano said that […]
4 milestones to get your medical device idea from prototype to commercialization: Interview with Eric Stone, CEO of Velano Vascular
Welcome to the Medsider interview series, a regular feature at MassDevice. All interviews are conducted by Scott Nelson, Founder of Medsider and Group Director for WCG. We hope you enjoy them! Eric Stone cofounded Velano Vascular with Dr. Pitou Devgon, an internal medicine physician. Velano’s first device, PIVO, enables needle-free blood draws directly from peripheral IV catheters. Velano […]
Velano Vascular raises $17m for needle-free blood draw device
Velano Vascular said today that it raised $17 million from new and existing investors for its Pivo needle-free blood draw device. The San Francisco, Calif.-based company said its Pivo device is a single-use disposable product designed to collect blood from indwelling peripheral IV lines, reducing the need for needle sticks and central line access for blood collection. […]
Velano Vascular wins FDA 510(k) for Pivo needle-free blood draw device
Velano Vascular said today it won FDA 510(k) clearance for its Pivo needle-free vascular access device designed for drawing blood. The San Francisco, Calif.-based company said its Pivo is a single-use disposable device designed to take blood samples from indwelling peripheral IV lines to reduce the amount of needle sticks and central line acces for blood […]
J-Pac names new CFO, ops VP | Personnel Moves
J-Pac Medical said it named former GI Supply finance chief Michael Dolge to be its new CFO and tapped Phil Littlefield, a medtech veteran, to be its vice president of operations. Somersworth, N.H.-based J-Pac, which makes implantable textiles and offers packaging and manufacturing services to the medical device industry, said Dolge’s resume includes stints at […]
Velano Vascular draws $3.5m funding round
Velano Vascular said today that it raised another $3.5 million for its needle-free blood draw device. San Francisco-based Velano said it plans to use the proceeds from the round to further develop and commercialize the device. Prior backers First Round Capital, White Owl Capital, Kapor Capital, Safeguard Scientifics, Griffin Hospital, The Children’s Hospital of Philadelphia and “a number […]
Velano Vascular wins FDA nod for new blood draw device
Velano Vascular said today that it won 510(k) clearance from the FDA for a new iteration of its needle-free blood draw device. San Francisco-based Velano, which raised a $5 million Series A round in February 2015, won its 1st FDA nod for the device last year. The new clearance covers a pair of modifications to the device aimed […]
UPDATE: Velano Vascular raises $5m, wins FDA nod for ‘needle-less’ blood-drawing device
Velano Vascular, which raised a $5 million Series A round, said today that it won 510(k) clearance from the FDA for its “needle-less” blood-drawing device.
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