Silk Road Medical Obtains $57,000,000 New Round

  • Feed Type
  • Date
    10/21/2015
  • Company Name
    Silk Road Medical
  • Mailing Address
    735 N. Pastoria Ave. Sunnyvale, CA 94085 USA
  • Company Description
    Silk Road Medical, Inc. is a company that develops and manufactures less-invasive medical devices intended to improve the treatment of carotid artery disease through proprietary transcarotid therapies.
  • Website
    http://www.silkroadmed.com
  • Transaction Type
    Debt
  • Transaction Amount
    $57,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use proceeds from the financing to continue a controlled U.S. commercial introduction of the ENROUTE NPS and Stent system begun earlier this year, expand the clinical evidence base for TCAR in a large registry called ROADSTER2, and begin international expansion. A dedicated team of clinical and commercial experts has been hired, trained and deployed to support these efforts.
  • M&A Terms
  • Venture Investor
    CRG
  • Venture Investor
    Warburg Pincus
  • Venture Investor
    The Vertical Group