ReShape Medical Receives $12,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52a0449c-859e-4bf7-b1eb-8b8b82964e35
Date
4/22/2015
Company Name
ReShape Medical
Mailing Address
100 Calle Iglesia San Clemente, CA 92672 USA
Company Description
ReShape DuoTM is the first and only non-surgical, dual-intragastric balloon treatment designed for those who want a fast track to weight loss without the risks of surgery or side effects of drugs.
Website
http://www.reshapemedical.com
Transaction Type
Debt
Transaction Amount
$12,000,000
Transaction Round
Undisclosed
Proceeds Purposes
ReShape Medical specializes in a dual-intragastric balloon for weight loss, ReShape Integrated Dual Balloon System, which is used as an aid in the treatment of obese patients. Proceeds of the loan will be used for marketing purposes and for future product enhancements.
M&A Terms
Venture Investor
Venture Investor