Soteira Collects $12 Million

Wade Roush9/19/08

PE Week Wire reports today, based on a regulatory filing, that stealth-mode medical device startup Soteira has closed a Series B financing round amounting to $12 million. Investors include Delphi Ventures, Federated Kaufman Fund, HLM Venture Partners, Partech International, and Prism VentureWorks, according to the report. Soteira, which is listed as having offices in either Dedham or Natick, MA, does not have an active website, but the website of investor Fletcher Spaght Ventures says that the company is developing new treatments for vertebral compression fractures in patients with osteoporosis, cancer, or traumatic injuries.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.