Allux Medical Secures $2,000,000 Series C Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cc11b21-5bfb-4056-b0ba-41fab8ea88df&Preview=1
Date
2/22/2010
Company Name
Allux Medical
Mailing Address
1455 Adams Ave Building 15 Menlo Park, CA 94025
Company Description
The company is developing devices for the treatment of hyper-reactive airway mucosa.
Website
http://www.alluxmedical.com
Transaction Type
Venture Equity
Transaction Amount
$2,000,000
Transaction Round
Series C
Proceeds Purposes
The funding will help the company continue to grow sales of an on-demand software product, which was launched about a year ago, according to the CEO.
M&A Terms
Venture Investor
Polaris Venture Partners
Venture Investor
Undisclosed