Sapheon Obtains $18,500,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=239feeaf-4312-4d1e-9b36-1dedf2fde70d
Date
8/25/2012
Company Name
Sapheon
Mailing Address
951 Aviation Parkway Morrisville, NC 27560 USA
Company Description
Sapheon Inc. is a medical device company whose mission is to develop new approaches and disruptive technologies for the treatment of vascular disease.
Website
http://www.sapheoninc.com
Transaction Type
Venture Equity
Transaction Amount
$18,500,000
Transaction Round
Series B
Proceeds Purposes
The Company intends to use the proceeds of the Series B offering to complete a randomized clinical trial and meet additional FDA requirements through the PMA submission process.
M&A Terms
Venture Investor
Venture Investor