Uptake Medical Corp Obtains $17,500,000 Series B Round

  • Feed Type
  • Date
    7/7/2010
  • Company Name
    Uptake Medical Corp
  • Mailing Address
    1924 1st Avenue 3rd Floor Seattle, WA 98101
  • Company Description
    Uptake Medical Corporation is a Seattle-based medical device company dedicated to improving the lives of patients suffering from emphysema and other types of chronic obstructive pulmonary diseases (COPD).
  • Website
    http://www.uptakemedical.com/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $17,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company plans to use this capital to obtain the CE mark and introduce its unique proprietary Bronchoscopic Thermal Vapor Ablation (BTVA) technology outside of the U.S. The company also has begun its approval cycle with the FDA in the U.S.
  • M&A Terms
  • Venture Investor
    Maverick Capital
  • Venture Investor
    GBS Venture Partners
  • Venture Investor
    ONSET Ventures
  • Venture Investor
    WRF Capital
  • Venture Investor
    Arboretum Ventures
  • Venture Investor
    Affinity Capital