Apnex Medical Receives $10,000,000 New Financing Round

  • Feed Type
  • Date
    9/24/2012
  • Company Name
    Apnex Medical
  • Mailing Address
    2890 Centre Pointe Drive St. Paul, MN 55113
  • Company Description
    APNEX Medical is the second spin-out company of Prospex Medical, Inc.,
    a medical device incubator founded in 2005 by Michael Berman, Robert
    Atkinson, and Chad Kugler. The company is developing a medical device using active implantable technology to treat obstructive sleep apnea.
  • Website
    http://www.apnexmedical.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company is testing the device on patients in Australia, Europe and the United States. The study will prepare the company to pursue regulatory approval to sell the device.
  • M&A Terms
  • Venture Investor
    New Enterprise Associates

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