Concentric Medical Secures $15,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa01b739-b6aa-4d51-a483-5e0b85242aac&Preview=1
Date
1/8/2009
Company Name
Concentric Medical
Mailing Address
301 East Evelyn Avenue Mountain View, CA 94041
Company Description
Concentric Medical, Inc., headquartered in Mountain View, CA, is a medical device company focused on the design, development and commercialization of products for restoring blood flow in patients who are experiencing an ischemic stroke.
Website
http://www.concentric-medical.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Concentric plans to accelerate market development through diversified technology and additional clinical trials, positioning the company well for 2009 and beyond.
M&A Terms
Venture Investor
New Enterprise Associates
Venture Investor
Undisclosed