Relievant Medsystems Obtains $30,000,000 Series D Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5391ef10-a91d-485c-a3c0-623ecc0455d8&Preview=1
Date
3/28/2012
Company Name
Relievant Medsystems
Mailing Address
2688 Middlefield Road Redwood City, CA 94063
Company Description
Relievant MedSystems is a medical device company developing novel products to treat lower back pain using a minimally invasive therapeutic approach. The company was founded in 2004 and is headquartered in San Francisco, California.
Website
http://www.relievant.com
Transaction Type
Venture Equity
Transaction Amount
$30,000,000
Transaction Round
Series D
Proceeds Purposes
Proceeds from this financing will enable Relievant to accelerate execution of our landmark SMART Clinical Trial and to conduct additional clinical studies for the Intracept Ablation System. These studies are key drivers for our plan to continue advancing the utility of basivertebral nerve ablation for isolated axial low back pain and to successfully commercialize Intracept worldwide.
M&A Terms
Venture Investor
New Enterprise Associates
Venture Investor
Canaan Partners
Venture Investor
Emergent Medical Partners
Venture Investor
Morgenthaler Ventures
Venture Investor
ONSET Ventures