AirXpanders Lands $7,000,000 New Round

  • Feed Type
  • Date
    4/3/2014
  • Company Name
    AirXpanders
  • Mailing Address
    1047 Elwell Court Palo Alto, CA 94303 USA
  • Company Description
    AirXpanders has developed the AeroForm tissue expander, a patient controlled breast tissue expander that could change the field of reconstructive surgery.
  • Website
    http://www.airxpanders.com
  • Transaction Type
    Debt
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The credit facility provides additional flexibility for AirXpanders’ product development needs. Specifically, it will be used primarily to fund the completion of the U.S. clinical trial and implement semi-automation into the AeroForm manufacturing process to increase throughput as the company seeks to file for 510(k) clearance in the U.S.
  • M&A Terms
  • Venture Investor