Amaranth Medical Receives $20,000,000 Series B Financing

  • Feed Type
  • Date
    10/9/2013
  • Company Name
    Amaranth Medical
  • Mailing Address
    1145 Terra Bella Ave Mountain View, CA 94043
  • Company Description
    Amaranth Medical was originally incorporated in 2005 to commercialize the research of Professors Freddy Boey and Subbu Venkatraman at the School of Materials Science and Engineering, Nanyang Technological University. The company has developed a stent for use in ameliorating blockage of theureter caused by diseases of the urinary tract.
  • Website
    http://www.amaranth.com.sg
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proceeds from this financing will support continued development and the upcoming CE Mark clinical trial of FORTITUDE, a bioresorbable scaffold for use in treating coronary artery disease.
  • M&A Terms
  • Venture Investor
    DCP Management
  • Venture Investor
    Bio*One Capital
  • Venture Investor
    Charter Life Sciences Fund
  • Venture Investor
    PhillipCapital
  • Venture Investor
    Venstar Capital