MoMelan Technologies Secures $3,500,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=454e8c2c-e4f0-43a9-a8eb-eb177634ce48&Preview=1
Date
5/12/2011
Company Name
MoMelan Technologies
Mailing Address
Undisclosed Cambridge, MA 02421
Company Description
The company is developing a device to treat skin disorders by expanding the surface area of skin grafts.
Website
http://www.momelan.com
Transaction Type
Venture Equity
Transaction Amount
$3,500,000
Transaction Round
Series A
Proceeds Purposes
The company will use the Series A money to further develop its device and conduct clinical studies, with the goal of a limited market release in the next 18 months.
M&A Terms
Venture Investor
Life Science Angels
Venture Investor
Undisclosed