Channel Medsystems Receives $9,700,000 Series B Financing

  • Feed Type
  • Date
    5/4/2013
  • Company Name
    Channel Medsystems
  • Mailing Address
    101 Mississippi Street San Francisco, CA 94107
  • Company Description
    Channel Medystems is a clinical-stage medical technology company based in San Francisco. The company is developing proprietary cryo-ablation delivery technologies. Channel Medsystems is currently focused on women’s healthcare and addressing the problem of heavy menstrual bleeding.
  • Website
    http://www.channelmedsystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $9,700,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proceeds will be used to fund continued development of the company’s novel cryogen-based Global Endometrial Ablation technology and on-going R&D and Clinical Regulatory efforts.
  • M&A Terms
  • Venture Investor
    Boston Scientific Corporation
  • Venture Investor
    InCube Ventures
  • Venture Investor
    Aperture Venture Partners
  • Venture Investor
    Scientific Health Development
  • Venture Investor
    STCM Ventures