Magnolia Medical Technologies Lands $6,235,322 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=74167060-40ea-43bf-8b01-04c17f645828
Date
6/3/2015
Company Name
Magnolia Medical Technologies
Mailing Address
2001 Sixth Avenue Seattle, WA 98121 USA
Company Description
Magnolia Medical Technologies has recently introduced the Initial Specimen Diversion Device (ISDD), a patented, Class I device registered and listed with FDA that is indicated to reduce the frequency of blood culture contamination.
Website
http://www.magnolia-medical.com
Transaction Type
Venture Equity
Transaction Amount
$6,235,322
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing. Contact technology company for investment details, if applicable. Amount includes the conversion of principal and interest of previously issued convertible promissory note. Not an offer or solicitation for sale of securities.
M&A Terms
Venture Investor