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ATV Backs Ardian in $30M Financing

Ryan McBride 1/21/09

Advanced Technology Ventures, which has offices in Waltham, MA, and Palo Alto, CA, has backed medical devices firm Adrian in a $30 million, third round of financing, PE Hub reported, citing a regulatory filing. Ardian, which is developing a device for treating congestive heart failure, also raised money for the round from Morgenthaler Ventures and St. Paul Venture Capital.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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