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Home » Ultrasound tech startup Sonavex raises $1.8 million

Ultrasound tech startup Sonavex raises $1.8 million

November 4, 2019 By Sean Whooley

Sonavex has raised nearly $2 million in equity for its ultrasound-based blood flow monitoring and other technologies.

According to an SEC Form D filed last week, Baltimore-based Sonavex made its first sale in the offering on Oct. 11 and has raised $1.8 million to date.

The Johns Hopkins University spin-out listed an indefinite amount on the offering and currently has 11 investors contributing to the $1.8 million already raised. Sonavex does not intend for the offering to last longer than one year.

Sonavex previously raised $3 million in April 2017 to support its novel ultrasound technologies.

The company’s EchoSure technology is designed to detect blood clot formation in surgical patients, as well as pipeline development of perioperative ultrasound solutions. The EchoMark is a bioresorbable polymeric implant used for marking soft tissue sites in surgical patients.

Filed Under: Funding Roundup, Ultrasound Tagged With: sonavex

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About Sean Whooley

Sean Whooley is an associate editor who mainly produces work for MassDevice, Medical Design & Outsourcing and Drug Delivery Business News. He received a bachelor's degree in multiplatform journalism from the University of Maryland, College Park. You can connect with him on LinkedIn or email him at [email protected].

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