Clear Catheter Systems Obtains $4,000,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b8bd9957-b922-4480-8940-3ae6d9e49124&Preview=1
Date
12/30/2011
Company Name
Clear Catheter Systems
Mailing Address
20380 Halfway Road Bend, OR 97701
Company Description
Clear Catheter Systems is a Bend, Oregon based medical device company pioneering new technologies that will revolutionize medical tube drainage.
Website
http://www.pleuraflow.com
Transaction Type
Venture Equity
Transaction Amount
$4,000,000
Transaction Round
Series A
Proceeds Purposes
Clear Catheter Systems will utilize the capital from the latest round to respond to increasing demand for its lead product, the PleuraFlow Active Tube Clearance System, and drive commercialization in the United States and abroad.
M&A Terms
Venture Investor
Aphelion Capital
Venture Investor
California Technology Ventures